At the end of 2025 owners were paying a compliance cost of around $220/mt of VLSFO burned on intra-EU voyages. From today that cost rises 45% to $319/mt.
The firm - at present a supplier of 10 PPM road diesel, exhaust fluid and additives - plans to expand into bunkering as well as setting up an oil brokerage platform.
The US authorisation does not extend to transactions involving entities linked to Russia, China, Iran, Cuba or North Korea, nor to any sanctioned vessels.