Musical Chairs with Jones Act Product Tankers

For those of you who missed it, we begin with the Executive Summary. There will be a quiz:

Newport News decided to give commercial shipbuilding a go and Eletson ordered four Double Eagle product tankers in 1995. In 1996, General Partners Hvide Marine and Van Ommeren teamed up to form HVO and ordered 5 more Double Eagles from Newport News. Life was good at Newport News, until construction problems and delays caused Eletson to reject the the ship, Despotico, in Winter of 1997. Mobil took delivery of the ship, named her American Progress, and began trading her out of Mobil’s Beaumont, Texas refinery. Eletson has agreed to take delivery of the second ship, but has opted out of the third and fourth.

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