23AUG2019 - NEWS - Malaysia will have adequate LSFO to meet demand as IMO 2020 looms

Malaysia is readying for the International Maritime Organization’s global sulfur limit rule for marine fuels and will have sufficient low sulfur fuel oil to meet upcoming demand as the IMO 2020 rule inches closer, Loke Siew Fook, Malaysia’s Transport Minister said during an industry event in the country this week.“The new global sulfur cap represents a complete transformation in marine transport shipping companies to evaluate their compliance options based on economic and operational factors,” he said in a statement made available to S&P Global Platts Thursday.Emerging reports indicate that over 95% of global shipping companies will utilize LSFO, he said.Currently, the major Malaysian ports of Port Klang and Tanjung Pelepas supply about 4 million mt of marine fuels to ships calling these ports, he said.