European diesel shortages may jack-up product tanker rates, says Poten - TradeWinds

TradeWinds · last updated October 15, 2023 – 6:33 PM

European diesel shortages may jack-up product tanker rates, says Poten | TradeWinds

A cold winter in Europe this year could create a surge in demand for diesel which could result in a boost to the already strong product tanker market, says Poten & Partners.

The continent is now said to be scrambling to find new suppliers after sanctions were imposed on Russia, previously its largest supplier, due to its invasion of Ukraine.

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