A ULCC storing low sulphur fuel oil (LSFO) for Euronav is set to move off for a top-up before shifting east to a new location.

TradeWinds understands Euronav’s 441,561-dwt ULCC Oceania (built 2003) is heading to Spain to take on more cargo in a ship-to-ship operation from a suezmax tanker.

Oceania is then due to sail to Malaysia where it will continue its storage play with a 420,000-tonne cargo of LSFO onboard.