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Record number of China-bound supertankers hints of stockpiling

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The plunge in oil prices is spurring China to stockpile. There were 83 very large crude carriers bound for Chinese ports on Friday, according to IHS Maritime data.

London

THE number of supertankers sailing to China jumped to a record in ship-tracking data amid signs that the oil-price crash is spurring the Asian nation to stockpile.

There were 83 very large crude carriers bound for Chinese ports, according to shipping signals from IHS

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