What to Do With a Huge Jet Fuel Cargo With Planes Grounded
- Supertanker to join shipments of the fuel already in Europe
- Cargoes could be used as storage plays or blended into diesel
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With airlines still grounding flights, the last thing Europe probably needs right now is a giant cargo of jet fuel. Yet, a supertanker hauling about 2 million barrels of it is on its way from Asia.
The fully laden Elandra Denali is set to arrive in Rotterdam on June 6, adding to the list of recent tanker shipments of the product, many of which are still anchored outside Europe’s ports. While the coronavirus pandemic has decimated the global market for aviation fuel, production and trading of it across the world’s oceans continues.