Norbec Charters Three Tankers for Floating Storage 

Saudi Arabia's Norbec has chartered three ULCC/VLCC tankers to supplement its floating storage, according to London shipping sources sounded out by MEES. These are Happy Empress (410,000 dwt), Tina (351,000 dwt) and Captain John G. P. Livanos (255,000 dwt), making a total of 1,016,000 dwt or roughly 7mn barrels.

At the beginning of June, Norbec's floating storage fleet reportedly consisted of 16 vessels totaling...