Maersk leases oil storage space in Singapore

Maersk leases oil storage space in Singapore

Maersk continues to get its 2020 global fuel supplies into shape. Having agreed to take a slice of Rotterdam port to supply sulphur cap compliant fuel, Maersk Oil Trading has now leased oil storage space at the world’s top bunkering hub, Singapore. Maersk has taken space at the Tankstore oil terminal in the south of Singapore.

Maersk has been one of the stronger advocates for pursuing a compliant fuel strategy come the 2020 0.5% sulphur cap, however in recent months it has admitted it will trial scrubbers on around 20 of its ships.

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.

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