REGIONAL
 
APICORP, Tufton Oceanic Sets Up $150Mn Petroleum Shipping Fund
 
The Arab Petroleum Investments Corporation (APICORP) is setting up a $150mn petroleum shipping fund which will be the first in the region to target a specific vessel category. The fund has already acquired five medium range petroleum product tankers, said the Al-Khobar/Dammam-based multilateral development bank on 25 February. These will be employed in the regional and international tanker...