France’s Total signed a memorandum of understanding with CMA CGM to supply a range of multi-fuel solutions including LNG, in order to reduce the shipping footprint.
The MoU has been signed for a period of three years, CMA CGM, the shipping group said in its statement on Wednesday.
The two partners aim to prepare for stricter fuel regulations in the shipping industry and further reduce the sector’s footprint by developing solutions the container ships.
Under the agreement, Total will become CMA CGM’s fuel supplier, providing liquefied natural gas, fuel oil with sulfur content of 0.5 percent and fuel oil with a sulfur content of 3.5 percent for ships equipped with exhaust gas cleaning systems, or scrubbers.
Accordingly, Total’s unit Total Marine Fuels will be renamed Total Marine Fuels Global Solutions on Tuesday, February 1, 2017, aiming to become a major player in the LNG bunker market.