Castleton Jet Cargo Changes Course for Second Time

Aug. 16, 2016 at 12:45 by Michelle Wiese Bockmann in Tanker and Oil Industry

A Europe-bound tanker laden with jet fuel loaded from India has changed its destination for the second time midvoyage and will now discharge its cargo in Aruba. This is the first diversion seen on this trade route in two months.

The Castleton-controlled FPMC P Glory loaded 65,000 tons of jet fuel at the Vadinar terminal in India on July 22, according to information compiled from traders, brokers and satellite tracking data.

For five days it sailed south on the Indian Ocean, and on July 26 signaled it was heading for Le Havre, arriving in four weeks.

A day later the tanker changed course and sailed east toward Asia for two days, but then reversed direction to resume its former voyage path. The tanker was seen going around the Cape of Good Hope, instead of the shorter route through the Suez Canal, a popular option for Europe-bound jet fuel over the past two months amid a steep market contango.

Over the weekend, the vessel is now signaling its next port will be Aruba, in 18 days, a storage option used for several diverted Europe-bound cargoes from Asia, the Middle East and India over 2016.

Castleton diverted the sister ship FPMC P Eagle with a 90,000-ton jet fuel cargo in June and another in February, sending the Europe-bound cargoes to the U.S. Virgin Islands or Bahamas instead. Both cargoes were loaded from West Coast Indian ports.

Shell and Total have also each diverted a jet cargo to the Caribbean this year.

Castleton Jet Cargo Changes Course for Second Time

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