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Euronav secures funding for 2020-compliant fuel oil purchase

One of the biggest operators in the tanker market unveils its plans for the 0.5% sulphur cap and buys 420,000 tonnes of compliant fuel oil that requires a $100m loan. Formerly a staunch scrubbers skeptic, the very large crude carrier giant is now open to installing the abatement technology even post-2020

The company bought 420,000 tonnes of very-low sulphur fuel oil and marine gas oil and will store them on one of its ultra large crude carriers positioned off Singapore

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