(EnergyAsia, November 30, Monday) — The decline in freight rates is encouraging companies to charter tankers to store more oil products at sea, said Simpson Spence and Young, the world’s second-largest shipbroker. In a research report, the broker reported that in October, traders had chartered 112 tankers with a combined 13.1 million deadweight tonnes to…
MARKETS: Plunge in freight rates spurs oil storage at sea
Posted on November 29, 2009 by EnergyAsia