Bloomberg: Ships Moving Fuel Oil East Double as Arbitrage Gives Incentive

“The number of supertankers transporting fuel oil to Asian markets from the Caribbean between March and May has doubled since a year ago as traders seize on a profitable arbitrage, shipbrokers said . . . ‘There is interest on the part of traders,’ said Megan McCurdy, head of marine research at New York-based Poten & Partners brokerage in New York. ‘It’s driven by the arbitrage. When it’s there, people are looking to move those cargoes.'”