Maersk enters into deal for low-sulfur fuel

Philadelphia-area company will supply fuel equal to about 10 percent of Maersk’s needs

Maersk enters into deal for low-sulfur fuel

Philadelphia-area company will supply fuel equal to about 10 percent of Maersk’s needs

Maersk enters into deal for low-sulfur fuel

Philadelphia-area company will supply fuel equal to about 10 percent of Maersk’s needs

 
   A.P. Møller – Maersk said it had signed an agreement to source low-sulfur fuel from PBF Logistics as part of its plan to comply with the International Maritime Organization requirement that ships use fuel with a maximum sulfur content of 0.5 percent globally starting next year or equip their ships with scrubbers to remove sulfur from engine exhaust.
   The deal will allow Maersk Oil Trading to obtain around 1.25 million metric tons annually from PBFs terminal at CPI Operations LLC on Delaware River South of New Jersey. PBF Logistics acquired CPI Operations LLC from Crown Point International on Oct. 1. The 1.25 million metric tons is about 10 percent of A.P. Møller – Maersk’s annual fuel demand.
   “This processing agreement forms a cornerstone in Maersk’s fuel sourcing strategy for the IMO 2020 sulphur cap,” said Niels Henrik Lindegaard, head of Maersk Oil Trading. “The vast majority of our fleet will 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.
   In August, Maersk and Vopak announced a leasing agreement for storage of 2.3 million metric tons of 0.5 percent compliant fuel, equivalent of approximately 20 percent of Maersk’s annual fuel demand, at the Vopak Europoort Terminal in Rotterdam.
"USMCA is [the National Corn Growers Association's] top legislative priority for 2019 and we will be working closely with the administration and members of Congress to get it ratified."

DCT Gdansk, Poland’s largest container terminal, handled 1.9 million TEUs in 2018.

Most Popular
Latest News
Social Media

Loading...

Panalpina in talks with Agility as DSV sweetens its offer

Panalpina in talks with Agility as DSV sweetens its offer

Embed this story

Share Code Version 1

This version will embed the story headline and includes HTML fallback protection, ensuring the story will display even if some users decide to disable javascript in their browsers.

Copy & Paste the following code to embed this story on your website:

Preview

Maersk enters into deal for low-sulfur fuel

Philadelphia-area company will supply fuel equal to about 10 percent of Maersk’s needs

Feb 14, 2019 on Dec 27, 2018AmericanShipper.com

Share Code Version 2

This version will embed the story headline without any styling applied. Use this version if you will use your own custom styling on your website. This version also includes HTML fallback protection.

Copy & Paste the following code to embed this story on your website:

Preview

Maersk enters into deal for low-sulfur fuel

Philadelphia-area company will supply fuel equal to about 10 percent of Maersk’s needs

Feb 14, 2019 on Dec 27, 2018AmericanShipper.com