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Mega refineries require use of new oil products supertankers

Traders are looking for scale that was previously not economically viable

As the Middle East and US Gulf Coast transform into refining hubs, traders require ever-larger tankers to move oil products such as petrol, diesel and aviation fuel to Europe, Asia and Latin America.


THE rapid growth of mega refineries is prompting a new class of oil products supertankers, mirroring an earlier revolution in crude oil shipping, as traders look for scale that was previously not economically viable.

In the early 1970s, ships capable of carrying two million...

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