# Freight Rates for Transatlantic Voyages Soar as Europe Pulls More US Diesel - OPIS, A Dow Jones Company

> Freight rates for medium-range product tankers hauling diesel from the US Gulf Coast to Europe have roughly tripled in two weeks, with the TC14 route hitting a 12-month high above $35,500/day. US diesel exports averaged 1.65 million barrels/day in the week ended June 20, the highest since August 2024, as refinery utilization reached an 11-month high.

- Date: 2025-06-26 · published 2025-06-26T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/24386-freight-rates-for-transatlantic-voyages-soar-as-europe-pulls-more-us-diesel
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Strong European demand for US diesel amid Middle East supply fears tightens transatlantic tanker availability and lifts freight costs, supporting diesel and ocean freight prices while pulling US product supply toward export markets.

## Read by commodity

- DIESEL: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2018-02-02 | [Moving freight to get more expensive for food companies this year](https://feedsoft.ai/events/66690-moving-freight-to-get-more-expensive-for-food-companies-this-year.md) | -8.4% | -10.3% |
| DIESEL | 2022-10-17 | [Atlantic Basin refining margins soar on refinery outages, tight diesel supply \| S&P Global](https://feedsoft.ai/events/10941-atlantic-basin-refining-margins-soar-on-refinery-outages-tight-diesel-supply-s.md) | -6.7% | -5.1% |
| DIESEL | 2017-09-14 | [Market Eye: Europe Fixes More Diesel for the US \| Energy Intelligence](https://feedsoft.ai/events/69120-market-eye-europe-fixes-more-diesel-for-the-us-energy-intelligence.md) | +4.1% | +2.8% |
| DIESEL | 2024-01-26 | [Europe’s Diesel Supply Chain Threatened by High Freight Costs - TT](https://feedsoft.ai/events/32308-europe-s-diesel-supply-chain-threatened-by-high-freight-costs-tt.md) | -2.4% | -3.8% |
| DIESEL | 2026-10-22 | [Record diesel costs push grain freight rates higher across all modes \| Feed & Grain](https://feedsoft.ai/events/17227-record-diesel-costs-push-grain-freight-rates-higher-across-all-modes-feed-and.md) | -5.5% | — |

## Sources

- opis.com: https://www.opis.com/resources/energy-market-news-from-opis/freight-rates-for-transatlantic-voyages-soar-as-europe-pulls-more-us-diesel/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.