Primorsk First-Half May Diesel Exports at 6.6 Million Barrels
Exports of ultra-low sulfur diesel from the eastern Baltic region continue at record-breaking volumes with 884,000 metric tons (about 6.6 million barrels) seen loaded or scheduled to load on tankers in the first 18 days of May, according to the OPIS Tanker Tracker on FleetMon.
That includes 704,000 tons from Russia’s biggest export port of Primorsk on 26 vessels, between May 1-18, data show.
Additional shipments from Ventspils, Vysotsk, and Klaipeda are also helping ramp up volumes, with exports from Russia looking like they reached a record in April when 1.3 million tons of ULSD was tracked on 41 tankers over the period, according to information from brokers and satellite tracking data compiled by OPIS.
Most shipments are tracked to northwest Europe or Scandanavia.
Lukoil is selling over 300,000 tons, the biggest so far this month.
ULSD, defined as gasoil with less than 0.1% sulfur content, imported to Europe’s 28 countries from Russia in 2013 grew to 9.6 million tons or just over 196,000/bd, compared to 6 million tons in 2012, according to European Commission figures.
Transneft plans to ship diesel to Primorsk though a pipeline designed for crude oil in the autumn to further expand capacity, news agency Reuters reported this week.
The OPIS Tanker Tracker compiles information from satellite AIS, traders and brokers to provide a real-time insight into Europe-bound refined products on tankers.