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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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Trader in Rotterdam to Singapore arb play

02 Nov 2010 06:54 GMT

Trading firm scheduled to ship 270,000-tonne fuel oil cargo to Singapore later this week.



Litasco (Lukoil International Trading and Supply Company), the marketing and trading unit OAO Lukoil, is reported to have hired a supertanker to carry fuel oil from Rotterdam to Singapore in an arbitrage play.

The 270,000-tonne lot is scheduled to leave Rotterdam on November 5th aboard the Neptune Glory.

It is estimated that the Very Large Crude Carrier (VLCC) could be chartered for around US$3 million.






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