CEPSA debuts multi-product supply vessel in southern Europe

26 March 2018 (Last Updated March 26th, 2018 14:10)

Spanish oil and gas company Compania Espanola de Petroleos (CEPSA) has unveiled a multi-product marine fuel supply vessel, known as OIZMENDI, in southern Europe.

Spanish oil and gas company Compania Espanola de Petroleos (CEPSA) has unveiled a multi-product marine fuel supply vessel, known as OIZMENDI, in southern Europe.

Based in the Port of Huelva in Spain, the new vessel will provide ship-to-ship liquefied natural gas (LNG).

The new multipurpose vessel has an LNG load capacity of 600m3, 1,900t of fuel oil, and 470t of diesel.

The vessel features a new fuel measurement system that is based on mass flow meters technology, which ensures the accuracy in the supply of fuel to vessels.

“The new vessel for the mixed supply of marine fuels is expected to boost the company’s position in the bunker market in southern Europe.”

CEPSA stated that the latest initiative is part of the CORE LNGas Hive project, which was rolled out by the European Commission to encourage the use of gas as a transport fuel to cut CO2 emissions in the Atlantic and Mediterranean European maritime corridors.

CEPSA marine fuel director Alberto Martinez-Lacaci said: “The new supply vessel provides great flexibility to meet the needs of our customers, as we can provide traditional marine fuels alongside more innovative fuels in the same vessel such as liquefied natural gas, covering the entire value chain and providing the energy that each client requires.”

The new vessel for the mixed supply of marine fuels is expected to boost the company’s position in the bunker market in southern Europe, as it also has operations in the ports of Las Palmas, Tenerife, Barcelona, Algeciras, and Gibraltar, as well as the international ports of Fujairah (UAE) and Panama.

The company carried out over 6,000 ship-to-ship operations in 2017 worldwide and supplied more than 4 million products.