News / Maersk hedges against shortage of low-sulphur fuel by producing its own

ID 51740818 © Patrick Van Beek | Dreamstime.com

Maersk is taking steps to insure itself against the risk of a shortage of compliant low-sulphur fuel oil (LSFO) when the IMO’s 0.5% sulphur cap becomes law on 1 January next year.

Through an agreement between its Maersk Oil Trading subsidiary and Dutch chemical and oil storage and transport group Koole Terminals, LSFO will be produced at the company’s petrochemical industrial distillation (PID) unit at its Botlek site in the centre of Rotterdam port.

“Our activities with Koole will be an important ...