End Of The Road For European Diesel?

Aug 30th, 2024:However, tanker ton-miles remain robust for the time being For many years, the transatlantic arbitrage trade for product tankers consisted of diesel movements from the United States to Europe and gasoline from Europe back to the U.S. Europe was traditionally short diesel and long gasoline, while the reverse was true in the U.S. This has been the basis for a lucrative triangulation trade that product tankers (mostly MRs) are taking advantage of. However, circumstances are changing, especially in Europe. European diesel demand is on the decline. In this Tanker Opinion we will try to determine what the reasons are, whether the declines are irreversible and – important for the tanker industry – how falling diesel demand will impact ton-mile demand for product carriers. Please fill below form to continue read.