Euronav, one of the largest tanker companies in the world, will deploy one of its two ultra large crude carriers (ULCC) to store cleaner marine fuel ahead of a major regulatory change in 2020, reports Ship and Bunker.
Purchase from different suppliers
Citing data from a vessel-tracking firm, price reporting agency Argus Media said that Euronav has purchased at least seven 30,000 metric tonne (mt) cargoes from different suppliers since March.
The purchased IMO compliant fuel is stored onto the tanker Oceania.
Last week’s deal
Citing market sources the report said that the company “bid at a $35/mt premium to high-sulphur Rotterdam fuel oil barges last week, implying an outright price of $379.75/t on 14 June for its latest low-sulphur oil cargo”.
The deal could not be confirmed with the company, Argus said.
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Source: ShipandBunker
