# Inter Continent Trading: Tankers: Persian Gulf vs Red Sea freight premium disappears as Harvey disrupts trade

> Persian Gulf versus Red Sea LR1 tanker freight premiums for naphtha to Japan have largely disappeared as demand shifted to distillate cargoes after Tropical Storm Harvey disrupted Texas trade. Owners now seek premiums for loading in the Red Sea.

- Date: 2017-09-01 · published 2017-09-01T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/68843-inter-continent-trading-tankers-persian-gulf-vs-red-sea-freight-premium
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Harvey-driven shifts in product flows reshape tanker demand and route economics, tightening distillate freight and supporting diesel and fuel-related costs for feed logistics.

## Read by commodity

- WTI: neutral
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2026-10-29 | [U.S. Bank Freight Payment Index: Shipper Costs Hit Five-Year High as Freight Demand Stalls](https://feedsoft.ai/events/1461-u-s-bank-freight-payment-index-shipper-costs-hit-five-year-high-as-freight.md) | -2.4% | — |
| DIESEL | 2019-02-08 | [Port Report: Coastal shift in U.S. container trade might be in cards for 2020 - FreightWaves](https://feedsoft.ai/events/60490-port-report-coastal-shift-in-u-s-container-trade-might-be-in-cards-for-2020.md) | +3.8% | +5.3% |
| DIESEL | 2026-08-04 | [Record Grain Movement Meets Rising Harvest Freight Costs - RFD](https://feedsoft.ai/events/18086-record-grain-movement-meets-rising-harvest-freight-costs-rfd.md) | +5.6% | +11.0% |
| DIESEL | 2023-12-13 | [Fuel tankers face long slog as Panama Canal drought reroutes flows](https://feedsoft.ai/events/32878-fuel-tankers-face-long-slog-as-panama-canal-drought-reroutes-flows.md) | +8.5% | +6.9% |
| DIESEL | 2026-03-30 | [Mississippi River Reopens As Freight Costs Begin Rising -](https://feedsoft.ai/events/16378-mississippi-river-reopens-as-freight-costs-begin-rising.md) | -4.2% | -12.2% |
| WTI | 2022-04-07 | [Dry bulk quarterly: High commodity prices, volatile bunkers arrest freight demand](https://feedsoft.ai/events/42045-dry-bulk-quarterly-high-commodity-prices-volatile-bunkers-arrest-freight-demand.md) | +8.2% | +12.3% |
| WTI | 2021-02-19 | [Traders rush to supply fuel to the U.S. as Texas freeze bites](https://feedsoft.ai/events/48823-traders-rush-to-supply-fuel-to-the-u-s-as-texas-freeze-bites.md) | +5.0% | -0.8% |
| WTI | 2019-05-29 | [CORRECTED-UPDATE 2-MPLX to restart Ozark crude pipeline on Thursday after outage -traders](https://feedsoft.ai/events/59239-corrected-update-2-mplx-to-restart-ozark-crude-pipeline-on-thursday-after.md) | -9.3% | -2.2% |

## Sources

- intercontinenttrading.blogspot.com: https://intercontinenttrading.blogspot.com/2017/09/tankers-persian-gulf-vs-red-sea-freight.html

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