China’s Unipec Books Tankers to Ship Crude from U.S. to Asia

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Although it seem to have worsened after not having a single loading of crude oil from the United States bound for China since July 31, as visible from Thomson Reuters Eikon data, things have changed quite a bit.

Reuters reported in August that Unipec will resume purchases of U.S. crude oil in October after a two-month halt due to the trade dispute between the world’s two largest economies.

China ships again from US

China’s Unipec has provisionally booked two very large crude carriers (VLCC) to ship crude oil from U.S. Gulf coast to Asia, shipping fixtures showed on Tuesday.

Sinopec, Unipec’s parent company, did not immediately respond to an email query on the matter.

Destination might change

“New Courage” has been tentatively booked to load crude oil from U.S. Gulf coast on Sept. 22 while “Awtad” has been booked to load oil from U.S. Gulf coast over Sept. 23 to 26, according to the fixtures.

The destination for both tankers has been provisionally set for Singapore, though this could potentially change.

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Source: Reuters

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