Thursday, November 26, 2009

Europe’s Busiest Port Expands for Oil Speculators, Idling Ships

From Bloomberg,
The combined capacity of ships hired to store oil products expanded more than fivefold since April, according to data from Simpson Spence & Young Ltd., the world’s second-largest shipbroker. About two-thirds of those cargoes are in Europe, and additional carriers are also holding crude.

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