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.”
BP said its refineries have made a number of configuration changes to support the segregation, handling and storage of the fuels.
FMC keeps tabs on low-sulfur fuel surcharges
The Federal Maritime Commission will monitor the transparency of bunker-adjustment factor formulas as the IMO low-sulfur fuel mandate looms, Chairman Michael Khouri said.
4 days ago