Belgian tanker giant Euronav has signed a service agreement making Malaysia’s Linggi Port its supply base providing low sulphur fuel and other services for ships heading through Asia.
Euronav had earlier this year sent one of its two ultra large crude carriers (ULCCs) to Kuala Linggi International Port (KLIP) for floating storage with 3m barrels of 0.2% and 0.5% low sulphur fuel oil.
Euronav’s purchase value of very low sulphur fuel oil earlier this year was concluded at $447 per metric ton compared to a high sulphur fuel oil (HSFO) bunker price of $400 per metric ton over the same procurement period.
