Trafigura's fleet expansion kick-started by struggling yards
![Rasmus Bach-Nielsen, Global Head of Wet Freight, Trafigura.](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article11029299.ece/ALTERNATES/schema-16_9/RS51340_0019-Rasmus-Bach-Nielsen.jpg)
Looking at how the product tanker and crude oil markets have developed in recent years, at first glance it may seem like a high-risk investment to take on 35 new tankers on long-term leases at a newbuild price of around USD 1.5 billion.
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