Container line CMA CGM and France’s oil major Total have signed a three-year memorandum of understanding (MOU) to prepare for stricter fuel sulphur regulations in the shipping industry. Total is to become CMA CGM's multifuel supplier, providing it with fuel oil with a sulfur content of 0.5%, fuel oil with a sulfur content of 3.5% for ships equipped with exhaust gas cleaning systems, or scrubbers, and LNG. The two partners have struck the MoU to prepare for stricter fuel regulations in the shipping industry and further reduce the sector’s footprint by developing solutions that make container ships even more environmentally friendly. CMA CGM vice chairman Rodolphe Saadé said: “The solutions offered by Total will enable us to further minimise the envronmental impact of the group’s activities and is a next step in building a more environmentally conscious shipping industry.” “As a global integrated energy producer and provider present across the oil and gas value chain, we aim to offer our customers a range of multifuel solutions to meet their different needs,” stated Patrick Pouyanné, Chairman and Chief Executive Officer of Total. He added: “The new regulations require both marine fuel suppliers and shipping industry stakeholders to adapt quickly. That is why we are working hand in hand with CMA CGM, a long-standing partner.” The Group’s specialized affiliate Total Marine Fuels will be renamed Total Marine Fuels Global Solutions on February 1, 2017. The new organisation intends in particular to become a leading player in the LNG bunker market. Total is also very active in marine lubricants, which it markets under the Lubmarine brand.
CMA CGM, Total partnership for low emission marine fuel
4 days ago