Feature: Atlantic Basin refinery closures impact tanker shipping

Mon, 13 Feb 2012 00:00:25 GMT

The questionable economics of running an oil refinery along the US Atlantic Coast and in Europe has taken its toll in recent weeks. Petroplus, an operator of five European refineries, initiated insolvency procedures after banks called in their loans while in the Philadelphia area two refineries have ceased processing oil and a third will do so in the coming months. Another victim of the shrinking ...

Hellenic Shipping News Worldwide, Feature: Atlantic Basin refinery closures impact tanker shipping

Feature: Atlantic Basin refinery closures impact tanker shipping