Independent journal on economy and transport policy
14:43 GMT+2
Hong Kong-based Winson Oil buys ship to store oil in Europe
(Reuters)
October 11, 2016
By Jessica Jaganathan
Reuters
SINGAPORE, Oct 11 Hong Kong-based trader Winson Oil has bought a very large crude carrier (VLCC) to store oil in the Mediterranean as it pushes to expand its business in Europe, two company sources said. The step could boost Asian gasoil margins if the firm enters the spot market to make large purchases to fill the vessel, traders said ...... Read more on Reuters
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