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Diesel surplus results in more floating deposits

A European diesel surplus is escalating the number of vessels being used as floating deposits in Europe, reports Tankterminals.

The glut of middle distillates such as diesel is increasing at sea where the tanker tonnage is being used as floating storages, writes Tankterminals.com.

Since January 4th, the amount of ultra low sulfur diesel on anchored ships in Northwest Europe and the Baltic has increased from 640,000 to 726,000 tons distributed in six vessels. This corresponds to a 13 percent increase.

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