The spot market for Jones Act tankers and articulated tug barges (ATBs) appears to be firming.
Industry sources say rates have climbed year-on-year, thanks to older tonnage exiting the market, more oil moving from East to West and IMO 2020 affecting the entire industry.
“Both coastal and inland, the supply curves are continuing to get better, you get some market disruption with IMO 2020 and you get debottlenecking with crude ...
