RE: Sky headline28 May 2020 00:00
Patience that's all we need and the ability to out live these fecking low crappy markets ;-)...: Trading house Glencore has chartered the 3 million barrel crude carrier 'Europe' to store oil at sea for at least 6 months, trading sources on Tuesday.
The vessel is one of two so-called ultra large crude carriers (ULCC), the largest tankers in the world.
Glencore booked the vessel at a rate of $37,000 a day for the first six months, according to the sources.