BSR boosts MFO supply to support the maritime industry

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On April 14, BSR delivered a shipment of 6,000 tons of MFO to Petrolimex.

MFO (Marine Fuel Oil) is a type of fuel used for marine engines, typically including heavy and intermediate fuel oils widely utilized in the shipping industry.

Amid increasing volatility in the global maritime sector - driven by geopolitical tensions along key shipping routes, heightened security risks, and rising insurance costs - shipping operations are facing mounting pressure in terms of both cost and stability. Many shipping companies have been forced to adjust routes and extend transit times to avoid high-risk areas, leading to increased logistics costs and disruptions across global energy and commodity supply chains.

In this context, proactively securing domestic marine fuel supply, particularly MFO, plays a critical role in stabilizing fleet operations and supporting the maritime industry in navigating growing uncertainties.

BSR delivers a shipment of marine fuel oil (MFO) to Petrolimex

To improve production efficiency and meet market demand, BSR - the operator of the Dung Quat Refinery - has implemented blending solutions, combining fuel oil (FO) with Vacuum Gas Oil (VGO) to produce high-quality MFO. This approach not only enhances product value but also optimizes operations by reducing VGO inventory, which is constrained by processing limits at the RFCC unit, thereby delivering both technical and economic benefits.

Notably, BSR’s MFO products are subject to strict quality control. The sulfur content is maintained at a maximum of 0.5% by mass, in compliance with regulations set by the International Maritime Organization (IMO) on sulfur oxide (SOx) emission limits for vessels operating on international shipping routes.

The introduction of MFO into BSR’s product portfolio not only diversifies its offerings but also enables more efficient utilization of refinery feedstocks. Moving forward, BSR will continue to develop fuel products aligned with evolving maritime industry trends, particularly increasingly stringent environmental standards.

BSR’s production and supply of MFO demonstrate its operational flexibility and reaffirm its role in supporting the energy market and maritime industry. In the context of ongoing global energy market volatility affecting shipping costs, BSR’s proactive approach to domestic fuel supply is expected to help reduce cost pressures and enhance operational stability. At the same time, it contributes positively to ensuring national energy security.

In Q1 2026, BSR operated the Dung Quat Refinery at high capacity, with an average equivalent rate of 123.5%. Total production reached 2.03 million tons, while sales volume exceeded 2.02 million tons. The Company has secured sufficient crude oil supply to maintain high-capacity operations through early July 2026, while continuing to leverage domestic sources and supplement imports from international partners such as the United States and West Africa.

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