Supertankers in China’s Plan To Drain Crude Oil Glut

Capt. John
  • China’s biggest refiner is eyeing a creative strategy to help rid Asia of a persistent diesel glut — brand new supertankers usually reserved for crude oil.
  • Unipec, the trading arm of China’s biggest oil refiner Sinopec Group, hired a newly-built very large crude carrier to load low-sulphur diesel in Asia for delivery to Europe.
  • The vessel ordinarily would have sailed empty from its shipyard in Northeast Asia to the Middle East or West Africa.
  • There it would pick up crude for the first time for...

https://mfame.guru/supertankers-in-chinas-plan-to-drain-crude-oil-glut/

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