15FEB2019 - NEWS - Denamark based shiiping major Maersk inks agreement with PBF Logistics for the supply of compliant fuel

Danish shipping major Maersk has recently signed an agreement with PBF Logistics, which would deliver 10% of its annual fuel demand ahead of the International Maritime Organization’s (IMO) 2020 global sulphur regulation. Under the deal, Maersk would source and PBFX would process crude oil at CPI Operations LLC, a PBF Logistics LP terminal facility in New Jersey, United States. This would enable Maersk Oil Trading to supply IMO 2020-compliant 0.5% marine fuel to its customers on the US East Coast. Annual production will be around 1.25 million metric tonnes (mt), the equivalent of around 10% of A.P. Moller Maersk’s annual fuel demand.

Published by Editor - www.Livebunkers.com at 15-Feb-2019 06:50:40 [UTC] , contact editor at editor@livebunkers.com