signed an agreement with PBF Logistics, which would deliver 10% of its annual
fuel demand ahead of the International Maritime Organization’s (IMO) 2020
global sulphur regulation.
and PBFX would process crude oil at CPI Operations LLC, a PBF Logistics LP
terminal facility in New Jersey, United States. This would enable Maersk Oil
Trading to supply IMO 2020-compliant 0.5% marine fuel to its customers on the
US East Coast.
1.25 million metric tonnes (mt), the equivalent of around 10% of A.P. Moller –
Maersk’s annual fuel demand.
cornerstone in Maersk’s fuel sourcing strategy for the IMO 2020 sulphur cap,” Niels Henrik Lindegaard, Head
of Maersk Oil Trading, said.
comply with the regulation through use of compliant low sulfur fuels. With the
capability to produce and store compliant low sulfur fuel on the U.S. East
Coast we take control of the fuel supply in a key maritime hub for us. We will
continue our drive to ensure compliance in all geographies come 2020.”
Vopak signed a leasing agreement for storage of 2.3 million mt 0.5% compliant fuel,
equivalent of around 20% of Maersk’s annual fuel demand, at the Vopak Europoort
Terminal in Rotterdam.