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Shipowners fear US protectionism

The decision from the US to promote LNG transport on US-flagged vessels could constitute an unfortunate precedent. It could potentially impact the export of shale oil and shale gas if the country lifts its ban on the export of crude oil, warns the International Chamber of Shipping.

Photo: Chesapeake

The shipowner association, International Chamber of Shipping (ICS), fears the US efforts to promote the use of US-flagged vessels for the country's LNG transport, could have unfortunate consequences for a potential future export of US oil and shale gas, if the current export ban is lifted.

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