Monday, July 9, 2007

Morgan Stanley Hires Tanker to Ship Fuel Oil From Saudi Arabia to Far East

(Bloomberg) -- Morgan Stanley, the biggest oil
trader on Wall Street, has hired a tanker to ship 80,000 tons of
fuel oil to the Far East from Saudi Arabia, a shipbroker said.

The tanker Feng Huang Zhou will load fuel oil at Yanbu on
July 29 at a rate of Worldscale 147.5, Seatown Shipbroking Ltd.
in Singapore said in a report today. Yanbu is a major Red Sea
port in the Al Madinah province of western Saudi Arabia, about
350 kilometers (218 miles) north of Jeddah.


Read more at Bloomberg Energy News

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