Europe Guzzles Asian Jet Fuel as Summer Travel Season Heats Up
- Exports from East Asia reach highest in at least nine months
- Lower freight costs open arbitrage on trade route for jet fuel
London Gatwick airport in Crawley, U.K.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
Asian shipments of jet fuel to Europe are soaring this month as summer holiday travel picks up and freight costs decline.
Cargoes of petroleum products bound for Europe from South Korea, Singapore and China are set to rise to at least 450,000 tons in July, vessel-tracking data show. That’s the highest level since Bloomberg started tracking the shipments in November. All of the cargoes for this month are jet fuel.