Tanker owner Euronav has bought two fuel oil cargoes this week as it prepares to game the market in advance of the IMO’s incoming sulphur cap.
Sources at the company confirmed the purchase. they said Euronav’s 441,561-dwt ULCC Oceania (built 2003), which can receive clean product shipments, has been moved into position off Malta where it is expected to act as a storage vessel for the cargoes.
