Oil major Chevron has revealed that it will offer the IMO 2020-compliant 0.5% sulphur bunker fuel by the end of the third quarter, reports said.
Chinese energy enterprise, Zhejiang Energy Group has inked a sales and purchase agreement with ExxonMobil for liquefied natural gas (LNG) supply over a period of 20 years.
China’s state-owned Cosco Shipping Energy Transportation has inked a memorandum of understanding (MOU) with oil major ExxonMobil to deepen their cooperation on marine lubricants purchasing and ship leasing.
ExxonMobil is stressing that residual 0.5% low sulphur fuels are not the only way to comply with IMO 2020 and that distillates will also form a significant part of the fuel mix.
IMO 2020 continues to dominate discussions in shipping the annual Capital Link conference in New York this week was no exception providing a variety of perspectives from across different sectors of shipping even if there an acknowledgement that “nobody knows” precisely what will happen.
ExxonMobil has confirmed a multi-billion expansion of its integrated manufacturing complex in Singapore, which in part will meet the demands of marine customers for low sulphur fuels to comply with IMO 2020.
Oil major ExxonMobil has announced that it will make IMO 2020 compliant low sulphur fuels available by the third quarter of 2019.
Last week was a busy one in the world of maritime and shipping with the impact of regulations on business and operations continuing to dominate the agenda.
As the deadline for 2020 sulphur cap fast approaches compatibility and availability of compliant fuels are top concerns for shipowners and managers and ExxonMobil is keen to assure customers on both counts as it released details of its 2020 compliant fuels range this week.