A P Moller-Maersk and Royal Vopak plan to start a 0.5% sulfur bunkering facility in Rotterdam ahead of the tough new sulfur cap from January 2020, Maersk said in a statement Monday.
“A.P Moller – Maersk and Royal Vopak…have agreed to this first joint initiative which will cater for circa 20% of Maersk global demand, enabling A.P. Moller – Maersk to deliver approximately 2.3 million mt per year,” it said.
The move is a step towards supplying Maersk and other shippers with compliant 0.5% fuel to meet the International Maritime Organization’s 0.5% global marine sulfur cap to be introduced on January 1, 2020.
“We trust that this initiative will put to rest some of the concerns the industry has on fuel availability as well as secure our continued competitiveness in the market,” Niels Henrik Lindegaard, Head of Maersk Oil Trading, said.