Tanker

Historic oil volumes and the belief in profits caused Trafigura to sell its ships

As a shareholder in both Frontline and Scorpio Tankers, Trafigura might be able to make a quick profit in a market, in which the inauguration of major oil field Johan Sverdrup in a few weeks is boosting spirits among tanker shipping companies. But the role of shareholder also comes at a risk.
Rasmus Bach Nielsen, global head of wet freight at Trafigura. He previously worked for Navig8. | Photo: PR / Trafigura
Rasmus Bach Nielsen, global head of wet freight at Trafigura. He previously worked for Navig8. | Photo: PR / Trafigura
by TOMAS KRISTIANSEN

Although Trafigura Maritime Logistics has divested close to its entire fleet of both crude and product tankers, Global Head of Wet Freight Rasmus Bach Nielsen has not lost faith in the market for oil product transports.

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