Homeless Gasoline Tankers Are Drifting Around the Caribbean
- At least three large ships awaiting delivery instructions
- Trafigura and Mercuria traders have cargoes in limbo
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A few gasoline cargoes around the Caribbean Isles are looking for homes.
Three tankers holding about 1.35 million barrels of gasoline and alkylate, an octane-boosting component blended with motor fuels, are drifting with no instructions for delivery. The cargoes came from India with intent to land in the U.S., but now they’re in limbo as traders from Trafigura Group Ltd. and Mercuria Energy Group Ltd. shop around for the best selling value in the region.