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July 13th 2018 Friday Big Picture Report

Non-mineral oil trade Obstacles to growth

More than two-thirds of the MR/Handy vessels in oil trades are certified as IMO2/3. In theory, the certification allows them to carry chemicals and vegetable oils in addition to petroleum products. However, only a handful of the non-oil trades – liquid fertiliser, ethanol, caustic soda and vegetable oils – have successfully been tapped by these vessels. With a few exceptions, regulatory and trade developments limit trade growth.