COSCO Inks LSFO Supply Deal with Double Rich
China’s COSCO Shipping Lines has signed a low sulfur fuel oil (LSFO) supply agreement with Double Rich Limited, a subsidiary of China Marine Bunker (Petro China).
According to the agreement, Double Rich limited will provide fuel oil with sulfur content not exceeding 0.5% m/m conforming to the regulation of International Maritime Organization (IMO) for COSCO Shipping Lines in order to assist the fleets of COSCO Shipping Lines to better fulfill the amendment of ANNEX VI in International Convention for the Prevention of Pollution from Ships (MARPOL), which has been adopted by IMO.
By keeping promoting and applying diverse and advanced emission reduction technology and optimizing management pattern, COSCO Shipping Lines will try their best to push forward to realize GREEN Shipping.
Signing the LSFO supply agreement is an important measure of COSCO Shipping Lines actively fulfilling MARPOL of IMO, initiatively confronting industry trends and adhering to GREEN development.
Facing MARPOL 2020 regulation to be taken effected, COSCO Shipping Lines actively prepares and achieves LSFO resource by multi-sourcing. Meanwhile, COSCO Shipping Lines closely follows main stream market and implements the research, development and application of ship desulfurization technology.
On the basis of pilot installation of scrubbers for 2 vessels, more vessels will be further promoted to install scrubbers. In the future, COSCO Shipping Lines will comprehensively fulfill international conventions and practice GREEN concept by cooperating with partners and global major fuel suppliers.