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Volumes of diesel/gasoil on the water recently hit a multi-year high, buoyed by the flurry of newbuild VLCC tankers loading in June.

Around 1.7m mt loaded in June across 7 newbuild VLCCs, the highest seen by Vortexa since 2016.

The latest newbuild VLCC to start loading is Nissos Santorini, which took on product from an LR2 tanker that loaded from Yosu.

VLCCs have been used increasingly to carry diesel from East of Suez to the West on maiden voyages. Saudi Arabia, South Korea, Singapore/Malaysia have been the main exporters this year.

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Chinese gasoline/blending components exports rose sharply in week 31 versus previous weeks.

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Venezuelan crude exports to Europe fell to a multi-year low in July, after the firmer outflows in June.

Jul 25, 2019

Spain's intake of Libyan crude reached more than a 3-year high in Q2.

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