Koch Hires Supertanker to Store Oil at Sea, Broker Optima Says

Koch Supply & Trading Co. booked a very large crude carrier to store oil at sea, according to Optima Shipbrokers Ltd.

Koch hired the British Purpose at a daily rate of $22,000, for a period of 30-60 days, Optima said in a report e-mailed today. Koch spokeswoman Mary Beth Jarvis declined to comment when contacted by telephone in Wichita, Kansas.

A VLCC can hold about 2 million barrels of crude. The British Purpose has carrying capacity of 306,000 deadweight tons, according to Optima.

To contact the reporter on this story: Rob Sheridan in London at rsheridan6@bloomberg.net.

To contact the editor responsible for this story: Alaric Nightingale at anightingal1@bloomberg.net

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