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Europe-Bound Diesel Tanker Diverts to Venezuela
The Europe-bound tanker Sea Horizon, laden with a 38,000-metric-ton cargo of diesel, diverted to Venezuela over the weekend, amid falling prices in the Mediterranean and northwest Europe for the...
View ArticleTotal Charters Tanker for Rare China-Europe Jet Fuel Cargo
A Long Range 2 tanker has been reportedly chartered to load a Europe-bound cargo of jet fuel from China, a rare supplier of the middle distillate west of the Suez Canal. The Abliani was chartered by...
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Swing-Supplier Deficit Raises Med Diesel Prices From Two-Month Lows
Premiums paid for diesel delivered to Mediterranean ports rebounded strongly this week to raise prices from two-month lows, amid an immediate shortfall of cargoes arriving this month from swing...
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July Europe Jet Imports Tracked at 2016 High as Indian Cargoes Divert
Imports of jet fuel into Europe in July remain poised to hit a nine-month high even as three cargoes -- all loaded last month from the Reliance Jamnagar refinery in India -- are seen diverting to...
View ArticleEurope-Bound Diesel Tanker Diverts on Saudi Cargoes Influx and Price Fall
The Europe-bound Loukas I has diverted mid-Atlantic, taking its 38,000-ton cargo of diesel to South America, amid plunging prices and a glut of the middle distillate seen arriving this month in the...
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Eighth Europe-Bound Jet Fuel Tanker Diverts around the Cape
Tanker STI Alexis has become the eighth Europe-bound vessel in four weeks to ship jet fuel via the longer route around the Cape of Good Hope from the Middle East and Asia. The Long Range 2 tanker,...
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Recovering U.S.-Europe Diesel Exports Add to Region's Supply Pressures
U.S. exports of diesel to Europe arriving in July are on track to reach a six- month high, adding to the pressure of additional supplies from the Middle East, India and Russia, which are depressing...
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Charters Add to Signs Emerging of Europe Diesel Floating Storage
There's fresh evidence that traders are taking positions that will see diesel and gasoil held in floating storage in northwest Europe, as a further three large product tankers each load up to...
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Contango Trades Lift Far East Jet Fuel Exports to Europe
Some 2.13 million tons of jet fuel on 36 tankers is tracked arriving in Europe over August as holiday season flying peaks in the region. Volumes exported from Asia are at 580,000 tons, and comprise...
View ArticleEurope Diesel Imports Tracked Over 4 Million Tons For Seventh Month
Monthly imports of diesel in Europe are on track to exceed four million tons for a seventh consecutive month, as traders bring over shipments from the Middle East at the same time as volumes from the...
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Castleton Jet Cargo Changes Course for Second Time
A Europe-bound tanker laden with jet fuel loaded from India has changed its destination for the second time midvoyage and will now discharge its cargo in Aruba. This is the first diversion seen on...
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Four Europe Reverse-Arb Diesel Cargoes Make Trans-Atlantic Voyage
Four ships are tracked shipping diesel across the Atlantic from northwest Europe or Baltic ports for oil traders BP Shell and Trafigura, amid draws of the middle distillate in independent storage in...
View ArticleEurope-Bound Jet Fuel Trade Flows Favoring Longer Cape Route over Suez
In August and September, more than half of all jet fuel shipped to Europe on the largest Long Range 2 product tankers from Asia, India and the Middle East Gulf is making the voyage via the longer and...
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Castleton Diverts Europe-Bound Jet Fuel Tanker to Florida
A Castleton-controlled tanker laden with 60,000 tons of jet fuel has diverted to Port Everglades, Fla., midway on its voyage to northwest Europe, from India. The UACC Falcon was first heading for Le...
View ArticleEurope Diesel Trade Flows Altered as Saudis, Russia Boost Shipments
Dramatic changes to Europe diesel trade flows are revealed in January-through- August trade data, with imports surging 30% on the same period last year, and shipments from newest supplier Saudi Arabia...
View ArticlePossible Bidding War for Asia Jet Fuel Seen amid Winter Snap
European and Japanese buyers may face a bidding war for Asia jet fuel supplies over winter which could quickly boost spot prices, Energy Aspects said. The London-based energy consultancy said Japanese...
View ArticleWinter Saudi-Europe Diesel Flows Seen Higher Despite Refinery Turnarounds
Diesel shipments to Europe from Saudi Arabia show little signs of easing over winter, even as turnarounds at some refineries temporarily halt exports and some cargoes need blending to meet...
View ArticleEurope Jet Fuel Imports Slump as Local Refineries Produce Record Volumes
Jet fuel imports to Europe declined over the third quarter, even with steady demand growth, as domestic refineries in key countries including the Netherlands and Germany produced record-breaking...
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Shell Diverts EU-Bound Diesel to East Coast as Heating Oil Spread Widens
Oil company Shell is seen diverting as many as three shipments exceeding 250,000 tons of low-sulfur diesel or gasoil across the Atlantic to arrive on the U.S. East Coast over the next three weeks, as...
View ArticleSome 18 tankers including VLCC, Suezmax, declared to be in emergency
Bernhard Schulte Shipmanagement (BSM) decided to cancel operating of PDVSA tankers fleet because of unpaid crews wages and lack of necessary crews. PDVSA’s maritime arm, PDV Marina, lacks at least 160...
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