08 November 2013 15:12 [Source: ICIS news]
LONDON (ICIS)--Europe is set to import 364,000 tonnes of diesel volumes from the US Gulf Coast (USGC), shipping sources said on Friday.
Nine shipping fixtures published this week reveal the diesel volumes will be transported from the USGC to the UK continental shelf and the Mediterranean region on vessels due to load in mid-November.
The product from USGC can also be converted into the 50ppm gasoil grade that is commonly used in Germany, industry sources maintain.
The US is a major source of the transport fuel for European markets. Meanwhile, a diesel trader said the northwest European market was also being supplied from the Russian port of Primrosk.
Two shipping fixtures published this week revealed 44,000 tonnes of diesel was moving from the Baltic region to the UK continental shelf in mid-November.
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