Diesel arbitrage: why freight has shut the Europe import window
Freight, not relative diesel prices, has closed the US arbitrage into Europe. Rates for prompt US Gulf Coast cargoes have climbed from around 250 to over 400 worldscale, closing the arbs, before settling lower in recent sessions to come closer to an equilibrium. That does not mean supply stops. Supply is being pulled by relative ...
We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.