Euronav firms up Malaysian bunkering operations

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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
Back to top button