Tanker Delays Sees Dip in Europe’s June Jet Fuel Imports
The estimated June tally of Europe-bound tankers laden with jet fuel has dropped over the past week as several ships anticipated to arrive this month appear delayed at loading ports in Asia and the Middle East Gulf.
Jet fuel volumes into north-west Europe are forecast to be 1.328 million metric tons this month, according to the OPIS Tanker Tracker on FleetMon.com. Volumes into ports in the Mediterranean are seen at 428,000 metric tons, taking the entire regional inbound tally to 1.756 million tons.
That’s about 265,000 tons less jet fuel that was anticipated last week for north west Europe. That’s partly because one vessel, the Odessa carrying 130,000 tons, appears to be a least a week delayed loading in Qatar, according to satellite tracking data and information from brokers compiled by OPIS.
Mediterranean volumes for the month are also higher as a few were seen diverted from northwest Europe and several new cargoes came to light.
The carry-over means that July volumes are already looking quite high, with the OPIS Tanker Tracker seeing 1.673 million metric tons, including the 130,000-ton cargo, the largest ever tracked, along with seven Long Range 2 tankers, the biggest ships to typically carry refined products. All is for northwest Europe so far.
This week four tankers laden with about 160,000 metric of jet fuel are scheduled to arrive at ports in northwest Europe, or the U.K. for the week beginning June 15, according to the OPIS Tanker Tracker. None are seen for the Med.
The prior week from June 7-14 saw six tankers carrying 243,000 metric tons of jet fuel arriving in ports in the Mediterranean, while 180,000 tons on two ships were discharged in north west Europe.
Tankers and cargoes scheduled to arrive from outside Europe in the next week include: Megacore Philomena (65,000 tons, Total); Amfitriti (90,000 tons BP); ETC Nefetari (40,000 tons, Valero); Mariann (65,000 tons, Kuwait Petroleum).
A further two cargoes from BP may or may not make it within the time frame but their vessel speed can’t be determined: Cape Enterprise, carrying 90,000 tons, and the Gulf Castle with 60,000 tons.
The OPIS Tanker Tracker compiles information from traders and brokers, and FleetMon ship tracking to provide a real-time insight into Europe-bound refined products on tankers. Pinpoint detailed shipping information, such as vessel, product and volume being transported, and buying or selling party and gain critical intelligence on the movement of product from port to port. Learn more and take advantage of a 21-day, no-obligation free trial.