July 2009

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HP Control: Glut of stored distillate infers betting on EU's diesel

Just outside the archipelago here, the Danish shipping operator, Maersk, has applied for permission to conduct ship-to-ship transfers to and from large crude carriers at anchor. There's a lot more of ..

Wright, Tim L., Hydrocarbon Processing Staff

Just outside the archipelago here, the Danish shipping operator, Maersk, has applied for permission to conduct ship-to-ship transfers to and from large crude carriers at anchor. There's a lot more of this going on as large vessels are increasingly used not only for transporting crude, but for storing it. But staggeringly, just a day or two ago I learned that five to six very large crude carriers are being pressed into service to store heating oil in Europe and West Africa. That's in addition to perhaps 10 long-range tankers here, each carrying 60,000–80,000 metric tons of distillate. Now, you don't put distillate in a 290,000 metric ton (2.2 million bbl) supertanker lightly. With te

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