Maersk oil Trading has taken out a six - month lease on 120,000 cubic meters of storage at the Tankstore oil terminal in Rotterdam , according to unnamed sources . It follows a deal struck in 2007 with independent tank storage operator Royal Vopak , to create a 0.5 % sulphur fuel bunkering facility in Rotterdam . Niels - Henrik Lindegaard , head of global oil Trading , said at the time the company would look for similar opportunities elsewhere . Maersk 's move into Asian markets comes ahead of the International Maritime Organisation 's 2020 sulphur cap on fuels .
Maersk Oil Trading has taken out a six-month lease on 120,000 cubic meters of storage at the Tankstore oil terminal in Singapore, according to unnamed sources. It follows a deal struck in August with independent tank storage operator Royal Vopak, to create a 0.5% sulphur fuel bunkering facility in Rotterdam. Niels-Henrik Lindegaard, head of Maersk Oil Trading, said at the time the company would look for similar opportunities elsewhere. Maersk's move into Asian bunkering comes ahead of the International Maritime Organisation's 2020 sulphur cap on fuels.