On Tuesday the governor of the US Virgin Islands issued a statement in which he confirmed that Atlantic Basin Refining intends to reactivate Hovensa once the transaction is sealed.
Today, industry observers applauded the development as it is widely believed that the ST Croix refinery would lend support to the international tanker market as soon its back in business.
In a client briefing DNB Markets pointed out that the islands aren’t subject to the Jones Act or the US ban on crude exports, which bodes well for foreign operators.
“To
