Trafigura to Convert More Supertankers If Oil Market Woes Linger
- The group recently switched some tankers to carry oil products
- They now ply more lucrative routes amid a sluggish oil market
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Trafigura Group could switch more of its crude-oil tankers to carry refined products if sluggish market conditions persist.
About 12% of Trafigura’s fleet of very-large crude carriers (VLCCs) and 20% of its Suezmaxes can carry those fuels on top of shipping denser crude, the trading house’s global head of wet freight, Andrea Olivi, said in an interview. “From what we see in the market today, I would expect this number to potentially increase,” he said.