Commodity Trader Trafigura Sells Oil Tankers to Chinese Bank

  • Trafigura sells and leases back five medium-range oil tankers
  • Company expects wet-freight fixtures to increase this year

Trafigura Group has sold five medium-range oil tankers to China’s Bank of Communications Financial Leasing Co. as the commodity trader ends a brief foray into owning vessels.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.