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Industry has no clue about the demand for low sulphur fuel oil for ships for implementation of IMO 2020 sulphur cap

With barely fifty days to go for the mandatory implementation of IMO 2020 sulphur cap for ships, Oil marketing companies who manufacture them are clueless about the demand from the ships operating in the Indian coast.

My problem is that I do not understand the demand for the low sulphur fuel oil for ships said the Executive Director of Indian Oil corporation Mr P Jayadevan while addressing the Regional Seminar on IMO 2020 Cap organized by the Mercantile Marine department and the Indian Oil Corporation on November sixth.

IOC”s refineries will be able to cater to demand of the ships operating in the Indian coast

He said the IOC”s refineries in Koyali, Gujarat and Haldia will be able to cater to demand of the ships operating in the Indian coast. The Corporation has already positioned the fuel in almost all the ports in the West coast from Kandla to Cochin, make it Paradip Port in a day or two and complete the supply chain in the entire East coast within a week.

IOC’s subsidiary operating in Sri Lanka will provide the oil to the ships berthed at Colombo, Hambantota and Tricomallee ports.

There may not be any problem in supplies says IOC

Mr Anil Vasu Chief Technical Service Manager of Indian Oil Corporation assured the shipping industry that there may not be any problem in supplies. IOC’s refinery in Koyali (Gujarat) has the capacity to manufacture one million tons of low sulphur fuel oil.

A spokesman of the Hindustan Petroleum Corporation said HPCL’s refinery at Visakapatnam is scheduled to produce five to ten thousand tons of low-sulphur fuel oil every month.

 

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