Gunvor to Ship North Sea Crude to Asia After Bull Play Wraps Up
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Gunvor Group will send a supertanker loaded with North Sea Forties crude to Asia after the trading house amassed a large volume of benchmark oil in a month-long bull play.
C. Spirit, a Very Large Crude Carrier that can haul 2 million barrels of crude, is fixed to load Forties crude on July 15 and then sail to Asia, according to tanker fixtures seen by Bloomberg. The vessel was chartered by Clearlake Shipping, a subsidiary of Gunvor.