SK Trading International Signs IMO-Compliant VLSFO Supply Contracts

SK TradingIllustration; Source: PxHere under public use license

The trading subsidiary of South Korea’s SK Innovation is said to have signed a number of contracts with shippers for the supply of very low sulfur oil (VLSFO) that complies with upcoming IMO 2020 regulations.

SK Trading International (SKTI) is expected to start supplying the VLSFO from the fourth quarter, a Reuters report cited a company official as saying.

The official did not provide additional information about the contracts, the report further said.

By entering into the VLSFO supply contracts, SKTI is joining the shipping industry’s preparations for a switch to the cleaner fuels that shippers will have to use from January 2020.

Earlier this month, Danish bunker company Monjasa completed the first ship-to-ship supply of VLSFO, while Japan started trials with the cleaner fuels in July 2019. The country expects to start full scale supply of VLSFO in late autumn.

The IMO 2020 regulations will introduce a sulfur cap of 0.5 percent on marine fuels, compared to the 3.5 percent currently present. An alternative to the cleaner fuels with a maximum sulfur content of 0.5 percent will be the use of scrubbers.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>


<< Jan 2020 >>
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >


Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >