B · Normal
[About 90,000 tons of Korean diesel are rarely shipped to Northwest Europe] September 3rd, a batch of Korean diesel will be shipped to Western Europe this month. This rare trade highlights that the market is working hard to replenish fuel supply before the arrival of winter in the northern hemisphere. According to the shipping transaction arrangement, about 90,000 tons of diesel will be loaded on the tanker "Priamos" and transported to northwest Europe. The destination may be the United Kingdom or Rotterdam. The transaction was brokered by Trafigura Group. Europe has limited refining capacity and is highly dependent on diesel imports, but conflicts in the Middle East and the Russia-Ukraine war have tightened global supply. South Korea usually exports fuel to the Asia-Pacific region, but the Priamos will sail more than 12,000 miles this time and is expected to likely pass through the Suez Canal.
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