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US ships ‘coming to our rescue’ in fuel crisis (Exclusive news.com.au)

Press/Media: Expert Comment

Description

Supplied the London Stock Exchange Group vessel-tracking analysis on which the article is entirely based, identifying three large US-origin petrol and diesel cargoes bound for Australian ports and characterising the routing as highly unusual, with no comparable refined product shipments from the United States in recent years. Provided cargo-level detail on volumes, destination ports and forward schedule composition by origin, including the disappearance of Chinese cargoes following Beijing's export ban and South Korea's dominance of the April petrol and diesel schedule. Also argued that vessel-level data offers a more reliable picture than the government's days-of-cover reporting, calling for greater federal transparency on actual fuel volumes rather than reliance on aggregate day figures.

Subject

Australian refined fuel import sourcing, US-origin cargo diversification, and transparency of federal fuel stock reporting.

Period25 Mar 2026

Media contributions

1

Media contributions

  • TitleUS ships ‘coming to our rescue’ in fuel crisis
    Degree of recognitionNational
    Media name/outletnews.com.au
    Media typeWeb
    Country/TerritoryAustralia
    Date25/03/26
    DescriptionThis article reports, on the basis of London Stock Exchange Group vessel-tracking analysis supplied by Dr Lurion De Mello, that three large United States cargoes of petrol and diesel were en route to Australian ports — carrying more than 343,000 barrels of petrol bound for Sydney and close to 600,000 barrels of diesel for Newcastle and Melbourne. He characterises the routing as highly unusual, noting the absence of comparable US refined product shipments in recent years, and identifies it as evidence of supply diversification rather than a government-to-government arrangement. The analysis further documents a sharp contraction in scheduled cargoes for April relative to March, the complete absence of Chinese shipments following Beijing's export ban, acute scarcity in scheduled jet fuel arrivals, and South Korean dominance of both the petrol and diesel schedules. He argues that vessel-level data provides a more reliable picture than the government's days-of-cover framework and calls for greater federal transparency about actual volumes held. The piece sets this against ministerial statements on cancelled and replaced cargoes, Japanese ambassadorial comments on potential assistance, proposals to withhold LNG exports as negotiating leverage, and evidence of domestic disruption including approximately 560 service stations missing at least one fuel grade, construction sector surcharges, waste collection warnings and trans-Tasman flight cancellations.
    Producer/Author Harrison Christian
    URLhttps://www.news.com.au/finance/economy/australian-economy/us-ships-coming-to-our-rescue-in-fuel-crisis/news-story/4a9ec75339ccdfac09585c2408ab7566
    PersonsLurion De Mello