Economics
Europe-U.S. Gasoline Cargo Falling, Ship Supply to Double
This article is for subscribers only.
European gasoline shipments to the U.S. are set to plunge 21 percent in the next two weeks, and the number of available ships for the route may almost double, a Bloomberg News survey showed.
Traders and oil companies booked or intend to book 19 vessels for loading to Jan. 19, according to the median estimate in a survey yesterday of six shipbrokers, one trader and one owner, who all specialize in shipping the auto fuel. Two weeks earlier, a total of 24 ships were hired to haul gasoline to the U.S. from Europe.