Maersk Oil Trading has made a move into the Singapore bunkering sector by leasing oil storage space there.
Reuters cited sources as saying 120,000 cbm has been secured for fuel oil for six months.
A company spokesperson told TradeWinds: "We can confirm that we have taken storage at Tankstore in Singapore.
"As the parties have agreed to keep the agreement confidential, we cannot comment specifically on the use of the facility nor the duration of the agreement."
The move is being seen as part of the containership group's strategy for the introduction of the IMO's low-sulphur fuel rules in 2020.
In August, the company announced a tie-up with Dutch tank terminals group Vopak that secures 20% of its global fuel demand.
The pair will run a 0.5% sulphur fuel bunkering facility in Rotterdam.
The plant will supply 2.3m tonnes per year.
Maersk, as well as any other interested third parties, will provide IMO 2020-compliant fuel to vessels trading with and inside Europe, it said.
