Anticipates bunker sales volume expansion at ARA, Germany, Savannah and US East Coast in 2018.
The company posted a 40% jump in adjusted net profit ending the year with $461.5 million in the black.
It will provide marine fuel to Tallink Grupp’s LNG-powered Megastar cruise vessel till 2022.
‘We plan to fully leverage what has become an improved market through multiple opportunities,’ says Chairman and CEO.
‘A drastic step-change is expected in 2020 and if a smooth transition is not ensured, the impact will be great,’ it notes.
The shipping firm was charged double for repair on vessel’s bunker fuel tanks; losses could amount up to $27.8 million.
The 2020 compliant fuel mix cost lower than LSFO but challenges apply to sourcing and bunkering of components.
Sales at Atlantic entrance marginally down 2.5% on year, show Panama Maritime Authority data.
A combination of efforts has led to the Russian firm reducing fuel consumption by 648 mt last year.
Offers PureSOx connectivity programme allowing customers to remotely monitor scrubber performance.
