Although the emergency Jones Act waiver issued in March 2026 generated considerable attention, it has had minimal impact on the U.S. LPG/propane market. Based on MARAD voyage reports, only three propane cargoes moved under the waiver, totaling approximately 540 Mbbl. All three shipments originated from the U.S. mainland and were delivered to Puerto Rico, which relies heavily on imported propane.   No reported waiver movements involved butane, mixed LPG, or ethane, and no propane cargoes moved to U.S. mainland destinations.

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