BREAKING NEWS
A Liberia-flagged tanker has spilled oil into the Yellow Sea, causing potential environmental damage and disruption off China’s largest crude-receiving terminal.
a Suezmax tanker that’s capable of carrying about 1 million barrels of crude, was struck by a bulk carrier just off Qingdao port, causing it to spill oil in the sea
The spill could threaten operations at Qingdao port in Shandong province, the biggest crude-receiving terminal for the world’s largest importer and a hub for private refiners that account for about a quarter of China’s total processing capacity
Good extreme competition... And very bad news for China if it disrupts their oil refining for so longtypically take weeks, if not months, to clean up