As the coronavirus outbreak spreads, shippers are warehousing an increasing amount of fuel on the high seas, write Joe Wallace and Benoit Faucon for the Wall Street Journal.
Floating storages
A new glut of oil and gas is emerging, floating at sea, as the novel coronavirus epidemic cuts China’s appetite for fuel and hampers work at Chinese ports.
Dozens of ships are acting as floating storage vats for oil and liquefied natural gas because the owners of the fuel are unable to find buyers … Read More
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Source: Wall Street Journal
