Freight spike closes trans-Atlantic ULSD arbitrage amid freezing US weather: traders
A spike in freight rates for clean Medium Range tankers on the UK Continent to US Atlantic Coast route had closed the arbitrage for European ULSD shipments, despite freezing temperatures in the US prompting a rally in the country’s diesel market, traders said. A cluster of cargo inquiries for trans-Atlantic shipments saw freight indications for ...
Source: hellenicshippingnews.com