Tanker

Fewer floating oil storages off Singapore

There are now far fewer tanker vessels floating off the coast of Singapore serving as floating oil storages, and volumes have dropped to the lowest level since 2016, reports Bloomberg.
Photo: Euronav
Photo: Euronav
by LOUISE VOGDRUP-SCHMIDT

The floating oil storages, which periodically pile up especially in the Malacca Strait off the coast of Singapore, have dwindled in number over the last couple of months.

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