Tuesday, July 22, 2014

Arctic Ice Melt Seen Freeing Way for South Korean Oil Hub

Stena Bulk, whose lineup includes 15 so-called Ice Class vessels capable of sailing through the Arctic, was hired by South Korea’s Hyundai Glovis Co. to transport 44,000 metric tons of naphtha from Ust Luga near Saint Petersburg to Yeosu last year, according to CEO Hanell.

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