Qaddafi Tanks Lose Diesel as Ships Shun Libya: Freight Markets
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Libyan leader Muammar Qaddafi is facing a fourth month without the diesel cargoes needed to power tanks as he endures an 11-week air campaign led by NATO.
No vessel delivered the fuel to Qaddafi-controlled ports since February, according to five oil-product traders and three shipbrokers interviewed by Bloomberg. The country, once Africa’s third-largest crude producer, normally got four shipments a month, they said. One vessel holds 34 million liters (9 million gallons), enough to fill all Libyan tanks 18 times over, based on data from IHS Jane’s, a military analysis company.