8.9 C
Shanghai
Saturday, March 28, 2020
cargo integrity campaign lashing in the spotlight
Home Freight News Romania’s OMV Petrom launches VLSFO product

Romania’s OMV Petrom launches VLSFO product

Romania’s OMV Petrom launched sales of VLSFO when its Petrobrazi refinery reopened following a two year €3 (US$3.25) million upgrade.

The company supplied its first vessel with low sulphur fuel at the end of last year and will reduce the country’s reliance on imported fuels.

“Up until the launch of this product, the Romanian market was supplied exclusively by imports. From now on, at the Petrobrazi refinery, at least 70,000 tonnes of marine fuel oil with low sulphur content can be produced annually, subject to production optimisation to meet demand,” said the company.

Meanwhile, oil prices have stagnated with growing fears over the global economy and, in particular exports from China.

- Advertisment -your ad here

Latest Posts

CMA CGM launches new goods priority solution

CMA CGM Group is launching SEAPRIORITY Go, a new solution that offers priority boarding for goods during the loading process. The new solution augments...

MABUX bunker index – 27 March

GP Global has announced ambitious plans to strengthen its international bunkering business with the addition of a new supporting infrastructure. With the goal of expanding...

Hapag-Lloyd increases rates from East Asia to US & Canada

Hapag-Lloyd will implement the following General Rate Increase (GRI) in the eastbound trade from East Asia to all United States and Canada destinations as...

COSCO reports box throughput boost amid profit downturn

COSCO SHIPPING Ports (CSP) has announced full-year results of the company and its subsidiaries (the group) for the year ended 31 December 2019. 2019 Full-year...

Coronavirus offers opportunities as well as challenges

The rising diagnoses of Covid-19 virus, coupled with the increasing need for quarantines, lockdowns and distancing measures, has caused “significant change” to operations in...