U.S. East Coast ports can expect more cargoes like the one aboard the Maersk Cancun once Philadelphia Energy Solutions refinery shuts. The tanker delivered 296,000 barrels of reformulated gasoline from the Netherlands to New Jersey last Thursday, on the eve of the fire that sealed the fate of the plant, data compiled by Bloomberg shows. Suppliers in Canada, Europe and the U.S. Gulf Coast are likely to pick up most of the slack, with sophisticated refineries in India also sending more cargoes through the Suez Canal to New York. Already, traders are paying more to reserve space on Colonial Pipeline, which can move more than 1 million barrels a day of gasoline from Texas and Louisiana to the Eastern Seaboard. The line had been running below […]