U.S.-Europe Diesel Cargoes Seen Climbing as Demand Strengthens
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Shipments of diesel to Europe from the U.S. Gulf Coast are poised to rise over the next two weeks on stronger demand for the fuel, a Bloomberg News survey showed.
Traders will charter 10 Medium Range tankers for loading to June 12, the average of estimates from six shipbrokers specializing in the trade showed this week. That’s one more ship than in a corresponding survey for the two weeks from May 15. Each vessel would normally carry about 38,000 metric tons of cargo. No survey was conducted on May 22.