In order to prepare for the post IMO 2020 market, Stena Oil are adding 25 000 m3 of storage in the Port of Gothenburg to support distribution of the company’s new 0.5% grade marine fuel. It is also boosting delivery capacity with a newbuild tanker of 5600 deadweight tonnage which will be delivered in March 2020.
Furthermore, in 4Q20, Stena’s new storage terminal in Frederikshavn will be completed. The new terminal, which will be Scandinavia’s largest for marine fuel products, will have a capacity of 75 000 m3 and is located close to one of the busiest shipping lanes in Europe.
“We look forward to a growing bunker market in our region and these projects will further support our growth” wrote the company in a statement. “We have been a very active player in the ULSFO 0.1% market already since 2015 and building on this experience customers can turn to us with confidence for their VLSFO needs going into 2020.”