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Genscape: Product Tankers Divert to U.S. as Post-Harvey Demand Spikes

A number of European-sourced gasoline cargoes on the water, which were initially bound for destinations in West Africa and within Europe, have now changed destination to the U.S. in the wake of Hurricane Harvey. So far, Genscape has seen that around 111,000 metric tons (MT) of European gasoline diverted to the U.S. Product tanker ‘Stenaweco Venture,’ which left Finland’s Porvoo refinery on August 2, changed her destination Thursday, August 31, from Lome, Togo, to Cape Canaveral, Florida, with a new ETA of September 9. Similarly, the ‘Elandra Oak,’ which left Milford Haven, UK, on August 29, changed her destination from Lome to Port Everglades, with a new ETA of September 10. Both are carrying 37 to 38 kilo metric tons (KMT) cargo lots of gasoline.