•  

​Eighty Percent of Jet Imports to NW Europe Supplied by Five Companies

Oct. 16, 2014 at 10:56 by Michelle Wiese Bockmann in Tanker and Oil Industry

Four oil companies and one trader supplied northwest Europe with 80.5% of its imported jet fuel in the first 10 months of this year, according to the OPIS Tanker Tracker on FleetMon.com.

Shell, Vitol, BP, Kuwait Petroleum and Total supplied northwest Europe with 10.6 million tons of the 13.2 million tons (103.9 million bbl) tracked on 206 tankers from January through October, data shows.

The OPIS Tanker compiles information from traders, brokers and satellite data on ships to analyze the market share of jet fuel imports.

Shell was the biggest importer, at 2.7 million tons, followed by Vitol at 2.5 million tons, BP at 2.49 million tons, Kuwait Petroleum at 1.7 million tons and Total at nearly 1.2 million tons.

The five companies' market share was slightly less concentrated in the Mediterranean region, with 63.4% of jet fuel cargoes discharging there from tankers chartered by them.

Kuwait Petroleum wasn't seen discharging any significant quantities of cargoes at European ports on the Med, but BP, Shell, Vitol and Total accounted for 1.12 million tons of the 1.79 million tons tracked to the region so far this year.

Overall, the European market share of the five largest jet fuel importers is at 67%, roughly on par with the global seaborne iron ore market, recognized as one of the world's most concentrated in commodities.

Fourth-quarter demand for jet fuel in Europe is estimated at 1.23 million b/d, with supply at 985,000 b/d, leaving a deficit of 248,000 b/d to be filled with imports, according to figures from Energy Aspects, a London-based energy consultancy.

Europe imports of jet fuel were just over 19 million tons in 2013, European Commission trade data shows.

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.

​Eighty Percent of Jet Imports to NW Europe Supplied by Five Companies

Instant Search

Please enter three more characters.

Vessels See all 0 vessels

  Name   IMO MMSI Callsign Length Location  
No vessels found

Ports 0 found

  Name Vessels moored Country LOCODE Size
No ports found