Stena Weco establishes new tanker carrier in Singapore
The Danish tanker carrier Stena Weco, has established an intra-Asia tanker daughter company which are meant to transport palm oil in Asia. However, the ideas behind the new carrier are older than Stena Weco and have been in the pipeline for a long time.
BY JAKOB VESTERAGER
In the beginning of September, a new tanker carrier transporting palm oil in Asia was established. The carrier is a joint venture between Stena Weco and the world’s second-largest producer of palm oil, Golden Agri, and is called Golden Stena Weco.
On Dec. 5, all Russian crude oil will be banned in the EU. But oil from the warring country will still flow into the world market, and both the EU embargo and price cap can be circumvented, predicts sanctions lawyer.