Europe set to receive 174,000 tonnes of diesel from the US

10 January 2014 16:29 Source:ICIS News

LONDON (ICIS)--Europe is set to import a minimum of 174,000 tonnes of diesel from the US Gulf Coast (USGC) in mid-January, shipping sources said on Friday.

Four shipping fixtures published this week reveal the volumes will be transported from the USGC to the UK continental shelf and the Mediterranean on vessels due to load in mid-January.

The product from the USGC can also be converted into the 50ppm gasoil grade that is commonly used in Germany, according to industry sources. The US is a major source of the fuel for European markets.

By Cuckoo James