Vopak and Maersk will launch a 0.5% sulphur fuel bunkering facility in Rotterdam, which will cater for 20% of Maersk's global demand.
Maersk will be an anchor tenant in the modified Europoort facility. This agreement will enable Maersk, along with any other interested third parties, to supply vessels trading with and inside Europe with compliant fuel.
This follows from Vopak's announcement last week that it will invest in the Europoort terminal to support the IMO 2020 sulphur fuel cap.
Recently, member states within the IMO recognised there are still some reservations and challenges relating to fuel handling and compatibility and this project plays a key role in providing Maersk with supply chain assurance looking at both quality and quantity of the compliant fuel.
The facility allows the ship & vessel operator to safely blend, store and handle different fuel types to ensure compliance from January 1 2020.
Niels Henrik Lingegaard, head of Maersk oil trading, says: 'We trust that this initiative will put to rest some of the concerns the industry has on fuel availability as well as secure our continued competitiveness in the market.'
Hari Dattatreya, global oil director, Vopak, says: 'With A.P. Moller-Maersk as an anchor customer, Vopak demonstrates the focus to position itself in the 0.5% sulphur fuels bunker market.'
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