Diesel shortage could send more tankers to Europe over winter

Rising earnings on longer diesel voyages may cause the product tanker fleet to shift its focus to Europe during the colder months, according to broker.
A product tanker in the Port of Rotterdam. | Photo: Lars-Josef Klemmer/AP/Ritzau Scanpix
A product tanker in the Port of Rotterdam. | Photo: Lars-Josef Klemmer/AP/Ritzau Scanpix

Europe’s refinery capacity has been declining since the coronavirus pandemic. Further, with the sanctions on Russian oil, diesel stocks have gradually diminished.

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