Glencore charters world largest tanker to store crude at sea: sources
A Glencore spokesman declined to comment
FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann/File Photo
Trading house Glencore (GLEN.L) has chartered the 3 million barrel crude carrier 'Europe' to store oil at sea for at least 6 months, trading sources on Tuesday.
The vessel is one of two so-called ultra large crude carriers (ULCC), the largest tankers in the world.
Glencore booked the vessel at a rate of $37,000 a day for the first six months, according to the sources.
Keep updated, follow The Business Standard's Google news channel
A Glencore spokesman declined to comment.
