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SMW: Trafigura says newbuildings order does not mean it is moving into shipowning

The trading giant has not changed its strategy in shipowning and would not have entered into the 32-tanker deal if it wasn’t for the access to funding provided by China’s Bocomm Leasing, says commodity trader's wet feight chief

Holding significant equity in shipping has historically not been a strategy for Trafigura and will continue to be so

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