A senior bunker oil trader for the Norwegian state oil company Statoil has been arrested on charges of embezzlement, the company said Tuesday,
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Just before World War II, the PJ & MS Co found that using coal tar as fuel was much cheaper than bunker oil.
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Because it was headed across the Pacific, the Selendang Ayu was laden with about 500, 000 gallons of bunker oil and diesel fuel.
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There were no rafts or life jackets onboard following the rescue work and the decks were covered in bunker oil and discarded clothing.
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Officials said it wasn't clear whether the bunker oil _ a heavy fuel oil _ came from a vessel or a source onshore.
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Ultimately, of bunker oil and diesel spilled, which is about 2.9 % of the volume of crude oil spilled from " Exxon Valdez ".
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The Coast Guard said three of the ship's five fuel tanks were leaking and one, containing heavy bunker oil, was " seriously breached ."
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Statoil spokeswoman Trude Maaseide said the suspect, a Norwegian citizen in his 50s, was a senior trader in Statoil's bunker oil trading division in Stavanger.
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The trader, whose name was not released, was suspected of profiting from the company's sales of bunker oil for ships, the Oslo newspaper Dagbladet said.
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It raised the price of kerosene 6 . 69 percent to 303 won and bunker oil 5 . 78 percent to 147 . 38 won.
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