Splash Extra

Define floating storage

Splash Extra is calling for an ISO standard to nail down what floating storage actually means

Could someone please define floating storage by means of an ISO standard? If there’s no one else, Splash Extra will happily pick up the baton. There is an absolute need for it if we are to avoid another round of charterer/trader/investor gibberish when the oil market faces further contango moments.

How about all tankers with cargo on the keel? The oil floats, it is in storage until discharge and it ends all speculation on hidden motives about this uncertain science that has been made abundan...

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