Scorpio Tankers has struck a bullish tone on long-haul shipping demand following ExxonMobil’s announcement that its Altona refinery in Australia will be closed.
On Wednesday, the energy company said the 90,000-barrel-per-day (bpd) plant in Victori state will be converted to a fuel import terminal due to weak profitability.
Rival BP revealed similar plans for its 146,000-bpd Kwinana refinery last October.
