Daily Digital Magazine: Pg. 4 — March 12, 2019

BP will sell new low-sulfur marine fuel

BP Marine says it conducted comprehensive testing of the new fuel that will comply with the IMO regulation that goes into effect next year.

   BP said it will begin to sell low-sulfur fuel that ships are required to use under International Maritime Organization (IMO) regulations that go into effect Jan. 1, 2020.
   BP Marine said the very-low-sulfur fuel oil (VLSFO), with a maximum 0.5 percent sulfur content, will be manufactured and supplied by BP in its Amsterdam/Rotterdam/Antwerp (ARA) and Singapore hubs. BP said it will retail the new fuel globally.

BP will sell new low-sulfur marine fuel

BP Marine says it conducted comprehensive testing of the new fuel that will comply with the IMO regulation that goes into effect next year.

BP will sell new low-sulfur marine fuel

BP Marine says it conducted comprehensive testing of the new fuel that will comply with the IMO regulation that goes into effect next year.

 
Continued from previous page
   BP said it will begin to sell low-sulfur fuel that ships are required to use under International Maritime Organization (IMO) regulations that go into effect Jan. 1, 2020.
   BP Marine said the very-low-sulfur fuel oil (VLSFO), with a maximum 0.5 percent sulfur content, will be manufactured and supplied by BP in its Amsterdam/Rotterdam/Antwerp (ARA) and Singapore hubs. BP said it will retail the new fuel globally.
   BP said it also will sell high-sulfur fuel oil for vessels that are equipped with scrubbers as well as marine gas oil.
   “We have undertaken a comprehensive test campaign, conducting shipboard trials of our new very-low-sulfur fuel,” said Eddie Gauci, global head of BP Marine. “Following the success of these sea trials and working closely with our customers, we believe we now have a robust commercial offer that will support customers in complying with MARPOL.”
   The IMO’s International Convention for the Prevention of Pollution from Ships (MARPOL) reduces the allowable sulfur content in marine fuel from 3.5 percent to 0.5 percent globally starting next year, unless a ship has a scrubber to clean engine exhaust. A requirement to use even cleaner fuel with a maximum sulfur content of 0.1 percent in so-called sulfur emission control areas, including coastal areas along most of the U.S., remains in place.
   BP said its refineries have made a number of configuration changes to support the segregation, handling and storage of the fuels.

We are seeing many more pricing requests for Southeast Asia and the Indian subcontinent. Few actually moved their supply chains outside of China because this will take time, especially for larger shippers. However, Taiwan and South Korea are in a unique situation: Some manufacturing had shifted to mainland China in the last decade due to lower costs, but that infrastructure is still in Taiwan and South Korea. Some manufacturing may temporarily shift back there until Southeast Asia infrastructure catches up. 

The Port of Prince Rupert handled a record 26.7 million metric tons of cargo in 2018, up 10% year-over-year.

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BP will sell new low-sulfur marine fuel

BP Marine says it conducted comprehensive testing of the new fuel that will comply with the IMO regulation that goes into effect next year.

Mar 12, 2019 on Dec 27, 2018AmericanShipper.com

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BP will sell new low-sulfur marine fuel

BP Marine says it conducted comprehensive testing of the new fuel that will comply with the IMO regulation that goes into effect next year.

Mar 12, 2019 on Dec 27, 2018AmericanShipper.com