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Article: Singapore: Mercuria mulls selling bunker fuel in S'pore.
- Article from:
- TendersInfo
- Article date:
- July 7, 2009
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Byline: manish03
Swiss trader Mercuria Energy Trading is considering selling bunker fuel in Singapore and has leased a supertanker to blend and store fuel oil in southern Malaysian waters, industry and trading sources said last Friday.
Mercuria joins a growing list of companies venturing into the residual fuels market to bank on potentially firm trade margins - including Singapore-listed Noble Group and Southern Petrochemical Co Ltd, an affiliate of China's Sinopec Group.
Mercuria, which mainly trades fuel oil in Singapore and exports refinery feedstock to China, leased the Very Large Crude Carrier (VLCC) Ticen Ocean around end-June from Titan ...