Noble gears up for marine fuels trading

Singapore: Commodities giant Noble Group will start selling marine fuels in May having taken delivery of its first fuel oil cargo last week in Malaysian waters.
The cargo, about 100,000 tonnes of high-viscosity fuel oil from the Caribbean, completed discharge operations onto Noble's 270,000-tonne floating storage facility. The tanker "Hercules" began operations at the start of April and is anchored off Malaysia's southern Tanjung Pelepas port, allowing it to trade in the Singapore physical market, Reuters reported.
Noble has leased the converted Very Large Crude Carrier "Hercules" from Malaysia's Arus Dermaga, which operates two floating storage facilities in the region.  [19/04/10]