21AUG2019 - NEWS - Freepoint to supply IMO-compliant bunker fuel in Singapore from Q4

FREEPOINT Commodities Singapore says it will start supplying very low-sulphur fuel oil (VLSFO) in the fourth quarter in the world's largest bunkering port when ships start testing a fuel that will meet global standards going into effect from 2020. The US commodities trading company is also upgrading a terminal owned by Indonesian state energy firm Pertamina where traders can blend oil into VLSFO and supply the fuel to neighbouring Singapore, Ouyang Xiuzhang, head of Freepoint's Singapore unit, told Reuters. The International Maritime Organization (IMO) has mandated that ships globally have to reduce the sulphur content in the fuels they use to 0.5 per cent from 3.5 per cent from 2020 to cut pollution.