Euronav's IMO storage ULCC loads Kraken crude
Shipping company Euronav's ultra large crude carrier (ULCC) Oceania loaded heavy crude before it set off for Asia-Pacific with its huge cargo of fuel compatible with the International Maritime Organisation (IMO) sulphur emissions rules.
The Oceania loaded 70,000t of North Sea Kraken crude in a ship-to-ship operation in the Mediterranean, according to oil analytics firm Vortexa.
It also loaded a 25,000t cargo in the Mediterranean in a STS operation from a tanker that itself loaded at Dutch company Koole's storage terminal in Rotterdam, according to Vortexa. Container shipping firm AP Moller-Maersk leases a petrochemical industrial distillation (PID) unit from Koole at Rotterdam to process crude and produce low-sulphur marine fuels.
This takes to 300,000t the amount of 0.5pc sulphur fuel oil and blending components, all compliant with the IMO 2020 regulations, in the Oceania's tanks. It is signalling for Malaysia, and will likely sail to Singapore to be used as storage for IMO compliant fuels.
It may discharge the crude in Asia-Pacific for use in IMO-compliant marine fuels production, as Kraken's sulphur content is 0.5pc.
source: Argus Media
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