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Significant rise in shipments since Hurricane Harvey

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  • Significant rise in shipments since Hurricane Harvey
The devastation caused by Hurricane Harvey have led to a huge increase in gasoline shipments from Asia to the US and Latin America according to a report from Ocean Freight Exchange.

The hurricane has had a significant impact on oil markets with nearly a quarter of US refining capacity being closed. This has resulted on Asia’s product tanker markets and their refined products. 


An estimated 865 kt of CPP from Asia has been booked to move to the US and Latin America since August 25. Before the destruction caused, around 375 kt was fixed for August whilst July recorded volumes of 675 kt. Cargoes arriving to the US from Asia normally move on MRs, though LR1s have also been chartered as well.

The rates for MR in North Asia have been increasing with the rates for a South Korea/USWC voyage basis 40 kt up by USD 150,000 to USD 1.15 million. The rates for a South Korea/Singapore run basis 40 kt grew by USD 20,000 from last week to USD 350,000.

“It is worth noting that quite a number of ships have failed subjects and are currently continuing to do so. Some ships were released as traders rushed to fix before they had the cargoes, while some traders were unable to find a buyer as key USGC refineries resumed operations, alleviating concerns about supply shortfalls,” OFE said.

USGC shipment delays have left LatAm buyers with no choice but to turn to Asia for gasoline imports. PMI, one of the largest buyers of USGC gasoline, has provisionally found fixed solutions to at least two MRs to carry gasoline from South Korea and Singapore to West Coast Mexico.

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Industry Specific Guidance and Logistics Advice

Manufacturing Manufacturing Logistics

Tudor International Freight manage the supply chain movements of many large international manufacturing companies. Our team appreciate the complex issues and unique logistical challenges facing this sector.

Oil and Gas Oil and Gas Logistics

We have been providing logistics services to the oil and gas industry for many years. Our specialist team have worked on many projects across the world and understand the demands of this sector more than most.

Chemicals Chemical Logistics

The chemical goods industry has experienced significant changes over recent years with a much larger emphasis being placed on logistics compliance and regulation. Tudor provide businesses with specialist chemical logistics advice and guidance.

Aerospace Aerospace Logistics

Tudor International Freight provide a wide range of supply chain solutions to the aerospace sector. Our staff are familiar with industry terms and jargon – we understand and speak your language.

Exhibitions and Events Exhibitions and Events Logistics

When fast reactions and quick solutions are required, you can count on Tudor International Freight to provide a dedicated team and exceptional service to help make your event a resounding success.

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    • Tudor International Freight
      Low Hall Business Park
      Low Hall Road
      Horsforth
      Leeds, LS18 4EF
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      T: +44 (0) 333 1234 747
      E: sales@tudorfreight.com
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Company Registration Number: 02586291