Analysis: Asia-USWC fixtures stagnate on tepid US air travel demand

Oil , Shipping Singapore — Asia’s jet fuel exports to the Americas that showed initial signs of revival during the peak holiday season end 2020 has slackened again in 2021, despite aggressive COVID-19 vaccine inoculation drives in the US, as the country’s air travel demand remains at a 36-year low. The recent Arctic freeze also failed to buoy market sentiment as most participants are not expecting a sudden surge in jet fuel shipments from northeast Asia to the US. Shipments of spot jet fuel on the South Korea-USWC route are unlikely to be more than two MR-sized cargoes in February,…