Bloomberg: Tanker-Rate Surge on Sandy Seen by Poten Ending Within Weeks

“Higher costs to ship refined fuels from the U.S. Gulf in the aftermath of superstorm Sandy will subside within weeks as pipelines, refineries and ports return to normal operations, according to Poten & Partners Inc. ‘Bottlenecks are located at regional refineries and individual gas stations without power,’ the New York-based shipbroker said in an e-mailed report Nov. 2. ‘These bottlenecks should be short-lived as refineries come back on line and power is restored. Acutely elevated tanker rates for exports from the U.S. Gulf and Caribbean regions in particular should likewise subside within a few weeks as regional pipelines, refineries, terminals and ports return to normal utilization levels.’’