Bunker major GP Global to supply 0.5% LSFO from April ahead of IMO 2020
UAE-based bunker fuel supplier GP Global late Wednesday said it will be ready to start 0.5% low sulfur fuel oil supply from April.
This comes ahead of the International Maritime Organization’s new 0.5% sulfur limit in January 2020, down from the current sulfur cap of 3.5%.
“We are prepared to offer 0.5% low sulfur fuel oil from April to our customers in major ports and at the physical delivery points of Rotterdam/ARA, Fujairah and Singapore,” GP Global Group Director Prerit Goel said in a statement.
“We shall extend the availability of LSFO to other smaller ports where we are physical suppliers by Q4 2019 in preparation for the regulatory changes in January 2020,” Goel added.
The company’s fuel delivery systems at all ports will also include HSFO and MGO to meet the changing needs of customers going into 2020, the company said.
Apart from ramping up supply of compliant fuel, GP Global also plans to increase its number of barges in Fujairah.
The group has already increased its time chartered fleet in the ARA market by three barges to seven in total, including a specialist barge focusing on the 0.86 gasoil market.
The company has also restarted its trucking business to cover fuel oil and marine gasoil in major ports in the UAE by drawing on existing its trucks and utilizing tanks at the Hamriyah Terminal, the company said.
GP Global is a global bunker supplier with operations across Europe, the Middle East and Asia and bunker trading offices in Rotterdam, London, Geneva, Dubai, India, Singapore and Seoul.