Bunker Fuel Asia 2020,

11-12 Mar, 2020 - Singapore, SINGAPORE

  • Co-Host
    20|20 Marine Energy
  • Promotion Partner
    biomassa.de
  • Promotion Partner
    www.rim-intelligence.co.jp
  • Promotion Partner
    www.worldoils.com
  • Promotion Partner
    www.refinerlink.com/
  • Promotion Partner
    www.petrofinder.com
  • Promotion Partner
    www.pellets-wood.com
  • Promotion Partner
    www.actualidadmp.com
  • Promotion Partner
    sudohodstvo.org
  • Promotion Partner
    http://www.chemmarket.info/en/
  • Promotion Partner
    www.bunkerspot.com
  • Promotion Partner
    www.xindemarinenews.com

News Feed

Refiners building VLSFO stocks ahead of IMO mandate

Posted on : 14 Nov, 2019

 
With the International Maritime Organization (IMO) mandate that requires ships globally to reduce the sulfur content in their bunker fuel to 0.5% from the current 3.5%, coming into effect from January 2020, refineries worldwide are preparing to meet the new demand.
 
Japanese refiner - Cosmo Oil has already started building stocks of very low-sulfur fuel oil (VLSFO) to be supplied to domestic marine fuel markets ahead of IMO 2020.
 
Cosmo Oil is building the VLSFO stocks produced at its residue desulfurizer (RDS) unit in Chiba refinery near Tokyo.
 
Analysts predict a higher demand for VLSFO while demand for alternative marine gasoil (MGO) may decline.
 
To meet the IMO 2020 mandate, ships can also opt for adding sulfur-removing units, or scrubbers, onboard which will allow them to continue using cheap high-sulfur fuel oil (HSFO). Half of Cosmo Oil’s oil tankers under long term charter are fitted with scrubbers while the  rest will use VLSFO. The refiner plans to start switching to VLSFO and is in talks with suppliers for the same.
 
Find out more about IMO mandate and its impact on marine industry at CMT’s Bunker Fuel Asia on 11-12 March 2020 in Singapore.
 
Email Hafizah at hafizah@cmtsp.com.sg or call +65 68175744 for more details.