In line with the supply of compliant fuels, GP Global also plans to expand its fleet of bunker tankers. The group has already increased its time chartered fleet in the ARA market by three bunker tankers, giving them seven in total with one being a specialist barge focusing on gas oil.
“GP Global is committed to providing bunker customers globally with compliant fuel for regulatory changes by IMO in 2020. We are prepared to offer 0.5% low sulphur fuel oil (LSFO) from April to our customers in major ports and at physical delivery points of Rotterdam/ARA, Fujairah and Singapore,” Prerit Goel, group director at GP Global, was reported saying.
“These can help our customers plan their voyage economics and fuel compatibility for 2020 and beyond. We shall extend the availability of LSFO to other smaller ports where we are physical suppliers by the fourth quarter of 2019 in preparation for the regulatory changes in January 2020,” Goel said.
“In addition to above, our fuel delivery systems at all ports shall include high sulphur fuel oil (HSFO) and marine gas oil (MGO) meeting the changing needs of our customers as we go into 2020. We are also gearing up to provide specific lubricant solutions in the major ports conforming with the changes in fuel specs over the course of a vessel’s voyage,” he added.
From 1 January 2020, ocean-going vessels will be required to burn bunker fuel with a maximum sulphur content of 0.5%, down from the current cap of 3.5%, under IMO’s Marpol Annex VI regulation.