6,417SEK M Sale
For Stena Oil, the past year was to a large extent about continued preparations for the new international sulfur directive, which will take effect in 2020. The new permissible sulfur content of marine fuel will be reduced from 3.5 to 0.5 percent. Meeting the conditions of the directive requires transition to low-sulfur marine fuel or alternatives, such as LNG or methanol, or the installation of so-called scrubbers which clean exhaust gases.
NEW BUNKERING VESSEL UNDER CONSTRUCTION
As a result of the new regulations, bunkering ships will need to carry a greater number of fuel types. In order to meet this need, Stena Oil has commissioned the building of a new vessel, that will be equipped with 11 bunker and two slops tanks. It will be considerably larger than other vessels in the fleet and be able to offer a higher level of service, as it will not need to return to port as often.
NEW TERMINAL IN FREDERIKSHAVN
During the year, work continued on Stena Oil’s new marine fuel terminal in Frederikshavn. This will be operational by the end of 2020 and be fully adapted to the new Sulfur Directive. With 300 meters of quayside space, a capacity of 75,000 cubic meters and the ability to handle all types of marine fuel, the terminal will become the largest of its kind in Scandinavia.
The terminal in Frederikshavn will also be Stena Oil’s base for its assignments for the European Maritime Safety Agency (EMSA). As part of the agreement, the company is obliged to respond rapidly with a vessel equipped for oil spills in Scandinavian waters and the southern Baltic.