# ULSD trans-Atlantic shipments divide market on potential arb opportunities | S&P Global

> European diesel traders are divided over whether shipping ULSD to the US Atlantic Coast is economical. A record HOGO spread of 15.73 cents/gal suggests profits are possible, while freight costs and RFS obligations make others see losses of $3-$5/mt. Around 220,000 mt of European ULSD is set to arrive on the US Atlantic Coast in January, down from 730,000 mt in December.

- Date: 2021-01-28 · published 2021-01-28T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/49325-ulsd-trans-atlantic-shipments-divide-market-on-potential-arb-opportunities-s
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

A reopening transatlantic arbitrage would pull more diesel into the US, easing distillate tightness and modestly supporting or capping diesel prices, with limited direct effect on feed commodities.

## Read by commodity

- DIESEL: neutral
- OCEANFRT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2026-10-29 | [UZ: to get priority, oil workers must form route trains \| Ukrainian and World Shipping News - Ukrainian Shipping Magazine - Ukrainian and World Shipping News](https://feedsoft.ai/events/2095-uz-to-get-priority-oil-workers-must-form-route-trains-ukrainian-and-world.md) | -2.4% | — |
| DIESEL | 2018-01-03 | [SUBSCRIBER NOTE: Platts to change USGC-Japan/South Korea LR1 cargo size Feb 1 \| S&P Global](https://feedsoft.ai/events/66885-subscriber-note-platts-to-change-usgc-japan-south-korea-lr1-cargo-size-feb-1-s.md) | +0.4% | +0.5% |
| DIESEL | 2021-07-21 | [Rhine closure to impact stocks in ARA, but market unfazed](https://feedsoft.ai/events/6950-rhine-closure-to-impact-stocks-in-ara-but-market-unfazed.md) | +6.5% | +1.1% |
| DIESEL | 2024-08-22 | [Canadian rail strike begins amid contract dispute, fears of U.S. shipping impact \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/28830-canadian-rail-strike-begins-amid-contract-dispute-fears-of-u-s-shipping-impact.md) | -0.8% | -3.1% |
| DIESEL | 2026-10-20 | [Diesel Prices: Up, Down, or Stuck? - FreightWaves](https://feedsoft.ai/events/17230-diesel-prices-up-down-or-stuck-freightwaves.md) | -0.2% | — |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/crude-oil/012821-ulsd-trans-atlantic-shipments-divide-market-on-potential-arb-opportunities

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