Morgan Stanley Said to Seek Supertanker to Store Crude Oil

(Bloomberg) — Morgan Stanley is seeking a supertanker to store crude oil, joining Citigroup Inc. and Royal Dutch Shell Plc in trying to profit from higher prices later in the year, four shipbrokers said.

The bank, the second-biggest U.S. securities firm until becoming a bank-holding company in September, has yet to find a suitable vessel, said one of the brokers. The shipbrokers asked not to be identified because the information is private. Carlos Melville, a spokesman for Morgan Stanley in London, declined to comment, in an e-mail today.