The sea stretched toward the horizon last New Year’s Eve as the Theo T, a red-and-white tug at her side, slipped quietly beneath the Corpus Christi Harbor Bridge in Texas.
Low-key commercial manager corners first two US crude export cargoes after 40-year ban is lifted.
The Bahamas-flagged MT Theo T departs Corpus Christi, Texas carrying the first U.S. crude export after Congress repealed the 40-year-old export ban.
History is being made with the first export shipment of crude oil in more than 40 years.
Penfield has boosted its head count and panamax presence while aiming for up to 30 aframaxes within 3-5 years.
Penfield Marine has launched its first pool aims to grow it to 10 to 15 vessels within six months.