Vopak expands tanker capacity in Singapore ahead of 2020 regulations

Dutch company Vopak, which recently formed a partnership with Maersk, is investing in an expansion of the company's oil terminals in Singapore. The move comes ahead of the new global sulfur cap in 2020.

Photo: /Ritzau Scanpix/AP/Wong Maye/

Royal Vopak expands one of its oil terminals in Singapore ahead of the new global sulfur cap in 2020, which is expected to boost demand for marine gas oil, reports Seatrade Maritime.

"While market parties are yet to decide on how to meet the requirements, we have started to make adjustment in order to be ready for this transition and facilitate more sustainable product flows," says Vopak Chairman Eelco Hoekstra, according to Seatrade Maritime.

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