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Navios Maritime Acquisition Corporation Message Board

  • peristentone peristentone Sep 25, 2012 6:03 AM Flag

    Tankers Servicing Mexico

    Are there any product tanker companies that derive a large part of their revenues from shipping Mexican crude to refineries in Brazil, China, and India? I know that this crude traditionally went to US refiners but apparently there has been a surge in Mexican crude going longer routes to overseas refiners. Trying to understand who might benefit from that.

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    • If it's crude that's being shipped, it wouldn't be on product tanker, it would be on crude tankers. And the shipper would be PEMEX naturally. I believe PEMEX both charters and owns some crude carriers, and the only company I know of offhand that charters ships to PEMEX is Grupo TMM.
      It will be nearly impossible to play this precise trend.