Register with us today

and in less than 60 seconds continue your access to: Latest news headlines Analytical topics and features Commodities videos, podcast & blogs Sample market prices & data Special reports Subscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber (, Please navigate to Platts Market Center to reset your password.

In this list

Two new-build ULSD Suezmaxes from East en route to NWE: sources

Electric Power | Emissions | Metals | Non-Ferrous

Battery 'Gigafactories' and their impact on battery metals raw materials

Shipping | Marine Fuels

Platts Bunkerworld

Oil | Refined Products | Fuel Oil | Shipping | Dry Freight | Marine Fuels | Tankers

Mediterranean Bunker Fuel Conference, 7th Annual


Tankers: Libyan crude oil stems still fetching hefty freight premiums

Two new-build ULSD Suezmaxes from East en route to NWE: sources

Two new-build Suezmaxes loaded with ultra-low sulfur diesel from East ofSuez markets are set to add to the general length in the European market bycarrying around 130,000 mt each to to the Amsterdam-Rotterdam-Antwerp storageand refining hub.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The 159,055-dwt Minerva Evropi, chartered by Totsa, and the 156,889-dwtSea Beauty, heard to be chartered by Unipec are set to discharge into ARA onFebruary 28 and February 24 respectively according to data from Platts cFlow,trade-flow software.

Unipec declined to comment.

The Sea Beauty loaded some diesel in the Chinese port of Tianjin beforereceiving a top up from the Saudi Arabian port of Yanbu, according to cFlow.

The Minerva Evropi loaded in Jubail, Saudi Arabia and Ras Laffan, Qatar.

The cargoes are likely to be sold into the barge market given therelative lack of CIF shorts for such large vessels in Europe.

However, the European market has been falling over the past few days withthe nearby spread of ICE low sulfur gasoil futures, trading at around a$3.00/mt contango in the European afternoon Wednesday.

The cargoes are relatively rare, with a previous Suezmax loaded withdiesel landing in Europe in November 2017.

Rates fixed for maiden voyages are usually done at a significant discountto LR2s, allowing the vessel to work routes that otherwise would beuneconomical.

--George Shaw,

--Caroline Knight,

--Edited by Jonathan Dart,