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America Approves $1 Billion Offshore Supertanker Port, but Its 2-Million-Barrel Claim Hides a Capacity Catch

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The U.S. Maritime Administration approved Energy Transfer affiliate Blue Marlin Offshore Port's deepwater crude-export license application on November 5, 2026, advancing a proposed $1 billion facility approximately 99 miles off Cameron Parish, Louisiana. The project would allow very large crude carriers to load directly offshore, using converted platform infrastructure connected to Texas and Louisiana supply hubs. Federal officials describe export capacity approaching 2 million barrels per day and up to 1,052 construction jobs. But MARAD's detailed project specifications reveal an important constraint: a single tanker mooring with a maximum loading rate of 80,000 barrels per hour, equivalent to 1.92 million barrels in 24 hours before vessel changeovers, maintenance or weather delays. The approval is a regulatory milestone, not confirmation that construction has begun, financing is committed or cargo operations are scheduled.

ShipUniverse | Gulf Coast Export Infrastructure

From Nederland to a VLCC in Deep Water

Blue Marlin would reuse existing offshore infrastructure and connect it to a new crude pipeline system, allowing large tankers to load without first entering a shallow coastal terminal.

$1BAnnounced proposed project value
99 miOff Cameron Parish, per MARAD
80,000Maximum barrels loaded per hour
1VLCC at a time at the listed CALM mooring

The proposed oil-export chain

1 / Texas supply Nederland Terminal

Crude enters the system from Energy Transfer's Texas hub and connecting regional pipelines.

→
2 / New construction 37 miles, 42 inches

Proposed new onshore pipeline reaches the existing Stingray system.

→
3 / Offshore reuse Stingray + WC 509

Existing 36-inch mainline and converted offshore platform infrastructure.

→
4 / Marine loading CALM + VLCC

Subsea manifold and floating hoses transfer crude directly into an offshore-moored tanker.

The nameplate-capacity distinction

Maximum continuous loading 1.92M barrels / 24h

80,000 barrels/hour multiplied by 24 hours. This assumes pumping at the maximum rate without interruption.

Equivalent to 96% of the government's rounded 2M-barrel-per-day figure.
2 million-barrel VLCC parcel 25 hours

Minimum pumping time at 80,000 barrels/hour, before mooring, hose connection, inspections, vessel changeover or weather downtime.

What approval changes: MARAD has approved the deepwater-port license application. It has not announced an operating date, a completed facility or a guarantee of 2 million barrels of actual daily exports. The project description is schematic; pipeline distances are not drawn to scale.

Sources: U.S. DOT announcement, November 5, 2026; MARAD Blue Marlin project description; Louisiana coastal-use application P20200894. Pumping calculations by ShipUniverse.

ShipUniverse | Gulf Coast Export Infrastructure

From Nederland to a VLCC in Deep Water

Blue Marlin would reuse existing offshore infrastructure and connect it to a new crude pipeline system, allowing large tankers to load without first entering a shallow coastal terminal.

$1BAnnounced proposed project value
99 miOff Cameron Parish, per MARAD
80,000Maximum barrels loaded per hour
1VLCC at a time at the listed CALM mooring

The proposed oil-export chain

1 / Texas supply Nederland Terminal

Crude enters the system from Energy Transfer's Texas hub and connecting regional pipelines.

→
2 / New construction 37 miles, 42 inches

Proposed new onshore pipeline reaches the existing Stingray system.

→
3 / Offshore reuse Stingray + WC 509

Existing 36-inch mainline and converted offshore platform infrastructure.

→
4 / Marine loading CALM + VLCC

Subsea manifold and floating hoses transfer crude directly into an offshore-moored tanker.

The nameplate-capacity distinction

Maximum continuous loading 1.92M barrels / 24h

80,000 barrels/hour multiplied by 24 hours. This assumes pumping at the maximum rate without interruption.

Equivalent to 96% of the government's rounded 2M-barrel-per-day figure.
2 million-barrel VLCC parcel 25 hours

Minimum pumping time at 80,000 barrels/hour, before mooring, hose connection, inspections, vessel changeover or weather downtime.

What approval changes: MARAD has approved the deepwater-port license application. It has not announced an operating date, a completed facility or a guarantee of 2 million barrels of actual daily exports. The project description is schematic; pipeline distances are not drawn to scale.

Sources: U.S. DOT announcement, November 5, 2026; MARAD Blue Marlin project description; Louisiana coastal-use application P20200894. Pumping calculations by ShipUniverse.

ShipUniverse | Interactive Offshore Port Economics Tool

How Much Crude Could Blue Marlin Actually Load?

Stress-test a single offshore VLCC mooring against pump capacity, vessel turnover, weather availability, export demand and project investment economics.

Port operating assumptions

Illustrative financial inputs
Modeled average crude throughput 1.20M bbl/day

Assumes complete cargo parcels and one tanker at the berth at a time. This is not the project's reported actual output.

25.0hMinimum pumping hours per VLCC
219Modeled completed tanker loads/year
225Maximum annual loading cycles under entered conditions
1.23MAverage capacity ceiling, bbl/day
$192.8MIllustrative annual operating contribution after fixed cost
5.2 yearsSimple investment payback, if positive
$293.7MScreening NPV over selected years
97.3%Use of modeled maximum berth cycles
The assumed demand fits within the berth's modeled annual capacity.

Where a VLCC loading cycle spends its time

25.0h Pumping 8.0h Turnaround
Modeled completed cycles versus annual maximum97.3%
Annual cargo demand served100%
Method: Available annual berth hours = 8,760 × availability. One loading cycle = cargo size ÷ hourly pump rate + non-pumping turnaround hours. Maximum completed cycles are whole cycles that fit those hours. Handled volume is limited by annual cargo demand and maximum berth cycles, using whole cargo parcels. Operating contribution equals handled barrels × assumed contribution per barrel, less fixed operating expense. The NPV discounts that flat annual amount after deducting the initial investment.
Financial limitations: The $1 billion figure is the announced project estimate, not confirmed invested capital. The model excludes debt, taxes, construction timing, escalation, additional sustaining CAPEX, working capital, terminal tariffs, pipeline capacity constraints and variable marine support costs beyond the entered per-barrel contribution. The resulting NPV is a simplified pre-tax screening indicator, not a forecast or a bankable project valuation.

Source for factual defaults: MARAD and Department of Transportation, November 5, 2026. All other operating and financial defaults are illustrative ShipUniverse assumptions.

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