The largest Ultra Large Crude Carrier (ULCC) ever to go to Singapore, the Chevron South America, sits in Jurong Shipyard in Singapore on this July 23, 1996 file photograph through Reuters.

Chinese dealer Unipec has offered 2 million barrels of crude held for months on one of many world’s largest tankers, trade sources mentioned, as rising oil costs immediate commodity companies to dump cargoes from floating storage.

(c) 2015 Thomson Reuters, All Rights Reserved

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