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
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Gold loses some luster after Trump’s decisive win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Hedge funds slash bullish wagers on gold over Trump election win
Resolute Mining says it will pay Mali $160 million in tax dispute
Families gather at South African mine shaft where hundreds are feared stuck underground
Higher silver supply to reduce global deficit by 4% in 2024
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Resolute Mining says it will pay Mali $160 million in tax dispute
Trump chooses oil fracking boss as energy secretary
Gold loses some luster after Trump’s decisive win
