World Fuel Services plans to upgrade its Falmouth, UK, terminal facilities and expand its bunkering operations there, the company said Monday.
The moves, made ahead of more-stringent international marine fuel requirements in 2020, will include the introduction of a new 2,200 cu m cargo vessel, able to segregate up to five grades of fuel, the company said in a statement. Financial details were not disclosed.
The International Maritime Organization (IMO) ruled in October 2016 that a sulphur cap of 0.5% in marine fuel will come into force in January 2020, a fraction of the current level of 3.5%.
It is not yet clear which of the options open to shipowners and charters they will take. These include high sulphur fuel, which they will only be able to burn if:
In short, more options than the current default choice of two will be available and this will require more complex storage options, sources said.
Source: http://seanews.co.uk, 26 June 2018