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Jet Fuel Shipping Costs Set to Double

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Shipowners warn that already sky-high jet fuel shipping costs could double again this year with the EU ban on Russian product imports set to keep diesel on the water for much longer. That will tie up clean shipping also used to transport jet fuel, while increased diesel flows from the Mideast and Asia will add to the competition. Russia’s main diesel export port of Primorsk is just four days’ sailing away from Rotterdam, whereas potential new markets in Brazil take more than 24 days to reach. Europe will also have to lengthen its diesel supply chains. Potential new supplier China is at least 34 days away from Rotterdam compared to around 22 days from existing suppliers India and the Middle East. The higher risk of empty return journeys will only add to costs and delays.

Topics:
Oil Tankers, Jet Fuel, Diesel/Gasoil
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