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Bunker Fuels

GAC Bunker Fuels Ltd. Attain ISO Certification

GAC Bunker Fuels Ltd. awarded ISO 9001:2008 Management System Standard certification by DNV. The ISO 9001:2008 certificate awarded by Det Norske Veritas (DNV) recognises GAC Bunker Fuels’ best management practices in the trading and brokerage of marine fuels and lubricants across its global operational sites. It demonstrates the company’s full compliance with the requirements of this international best practice standard, which considers a range of measures, including management responsibility, resource management, product quality and the improvement of quality management systems across the organisation. Nicholas Browne, Global Director of GAC Bunker Fuels Limited, says: “Quality assurance has been the guiding principle behind GAC Bunker Fuels’ growth. Our ISO 9001 certification gives customers further reason to rest assured of top service quality standards and the highest grades of marine fuels and lubricants when they deal with us. "As one of the few bunker companies to achieve this global benchmark, GAC Bunker Fuels underlines its continuing commitment to the pursuit of world-class standards and ongoing service improvement to help our customers to meet their bunker fuel needs and deliver their business strategies." GAC Bunker Fuels Ltd, headquartered in Dubai, trades and supplies all grades of IFO, MGO, MDO and lubricants worldwide in partnership with selected suppliers who meet internationally approved standards.


GAC Bunker Fuels' additional services at Galle, Sri Lanka

Courtesy GAC Bunker Fuels

  GAC Bunker Fuels and its local partner in Sri Lanka, Interocean Energy (IOE), have moved the bunker barge MT 'Kandy' to Galle to meet growing demand for bunker supplies at the port on the southern tip of the island nation. Thanks to its proximity to international east-west shipping lanes, Galle is a popular choice for vessels taking on supplies. For more than two decades, the GAC Group has taken advantage of that strategic location


New GAC Bunker Trader for Bergen Team

Per Steffen Bolstad: Photo GAC

GAC Bunker Fuels says it has further consolidated its position in the North Sea by appointing Per Steffen Bolstad to the bunker trading team in Bergen, Norway, where he joins bunker trader Christer Benjaminsen. Nicholas Browne, Global Director of GAC Bunker Fuels says “Per Steffen has eight years’ shipping experience, and was mostly recently Branch Manager in Bergen. He is yet another quality addition to our global bunker trading team


N. American ECA May Tighten Supply of Distillate Fuel

The move to burn 1% RMG 380 spec & other bunker fuel may tighten inventories following the ECA imlementation 1, Ausgust 2012 The stock of available bunker fuels may be tightened as suppliers juggle limited space with increasing selection for shipowners and buyers, according to Platts' market sources The primary concern associated with the implementation of the new ECA specs has been the cost involved with moving to low sulfur fuel oil as less and less LSFO is being produced


Matson Decreases Fuel Surcharge by One Percentage Point

As a result of recent declines in bunker fuel prices, Matson Navigation Company will lower its fuel surcharge in its Hawaii, Guam/CNMI and Micronesia services by one percentage point, from 19.75 percent to 18.75 percent, effective November 5, 2006. "Bunker fuel prices continue to decrease, allowing us to make this second consecutive reduction to our fuel surcharge," said Dave Hoppes, senior vice president, ocean services


Taiwan Cuts Bunker Fuel Prices $10

Taiwan's Chinese Petroleum Corp. (CPC) has cut spot bunker fuel oil prices to $171 per ton from $181 effective from Tuesday. The posted prices were for spot 180 and 380-centistoke bunker fuel delivered to ships at the ports of Kaohsiung, Keelung, Hualien, Taichung and Suao. Its term price was $3.00 lower at $168 for both grades at the same ports. Spot and term prices of marine gas oil (MGO) were reduced to $312 and $309 per ton, down from last week's $314 and $311, respectively


OW Bunker Collapse Rattles Singapore Bunker Markets

Major oil companies, trade firms to expand market share; tight credit hits small retailers. The collapse of OW Bunker in the wake of an alleged fraud at its Singapore trading unit will shake up the city state's more than $25 billion marine fuel market, the world's largest, as major companies expand and small ones shrink amid a credit squeeze. OW Bunker, a leading supplier of marine fuel oil known as "bunker"


Singapore Registers Double-Digit Bunker Fuel Sales Growth

Photo source: Maritime and Port Authority of Singapore

 Maritime and Port Authority (MPA) of Singapore said that Singapore bunker fuel sales rose 5.34% month on month and up 12.33% year on year, to 3.58 million mt in March reports Platts.   The vessel arrivals in Singapore for bunker fuel rose to 3,295 in March, up 9.65% from February and up 0.61% year on year, the data showed.   According to official figures released by the MPA, the March volumes included 2


BP Marine and Houston Marine Team Up On Bunkering Venture

BP Marine and Houston Marine Services (HMS) are joining forces to begin a new chapter in ship bunkering in the western U.S. Gulf. Effective, April 2, HMS became BP's dedicated logistics provider in an area from Brownsville, Texas to Lake Charles, La. BP Marine will serve as the marketing arm for bunker sales on behalf of the joint venture and will supply bunker fuel across a broad geographic area of the Gulf.


SMP Expands Ops in Mobile, Ala.

Shell Marine Products (SMP), the global supplier of marine fuels, lubricants and services, announced the start-up of its bunker fuels operations in Mobile, Ala. The company already has a strong business base in the USA Gulf Coast region, supplying bunker fuels and lubricants, and has expanded its geographic coverage to offer fuel oil, gas oil and lubricants to customers in Mobile. Shell Marine Products has fuel oil storage facilities in Mobile Harbor located at Radcliff/Economy Terminal


China Cosco Sends 14 More Vessels to Scrap Yard

Image: Cosco

 China Cosco Holdings has scrapped 14 vessels between February 1 and March 31 this year, continuing progress with its ambitious fleet renewal plan.   The 14 ships comprised of one container vessel and 13 dry bulk carriers, which have a combined capacity of 924,700 dwt.  


LNG Barge: Conrad to Build Historic First

The first 2,200cbm LNG Barge for North America will deliver in 2016. Image: GTT

WesPac Midstream LLC (WesPac) and its affiliate Clean Marine Energy LLC (CME), announced a construction contract with Conrad Orange Shipyard, Inc., a division of Conrad Shipyard, LLC, to build the first dedicated LNG bunker barge for the marine market in North America. The first 2,200 cu. m


Blocked Entrance to Santos Port to Open Overnight

Trucks will be able to access a blocked entrance at Santos, Brazil's largest port, at night while firefighters finish extinguishing a blaze at a nearby fuel-storage facility, city and port authorities said.   The more flexible rules will provide some relief for grain exports that have


Access to Brazil's Largest Port Restricted after Fire

Trucks delivering grains and other goods to Brazil's largest port of Santos will be restricted through at least Wednesday, the port authority said on Tuesday, as a nearby fuel-storage facility burned for a sixth day.   Three confirmed days of restricted arrivals will likely slow exports


UASC Streamlines Fuel Purchasing

Photo: UASC

United Arab Shipping Company (UASC), a global shipping company based in the Middle East, has implemented Shiptech, an end-to-end fuel management system developed by global cloud software company Inatech.   Shiptech provides the company with an automated, cloud-based


Fire Still Restricts Trucks from Largest Brazilian Port

A fire at a fuel-storage facility at the Port of Santos, the largest port in Brazil, burned for a sixth day on Tuesday, restricting access to trucks delivering grains and other goods. Firefighters on Monday managed to extinguish the flames at a facility run by Ultracargo


Singapore Records Fall in Bunker Fuel Sales Volumes

Image: Maritime and Port Authority of Singapore (MPA)

 Singapore bunker fuel sales fell 7.7% month on month but rose 3.62% year on year, to 3.4 million mt in February, official figures released by the Maritime and Port Authority of Singapore Friday.   Bunker volumes drop to lowest level in eight months


Mercuria Expanding Maritime Fuel Business

Photo: Mercuria Expanding Maritime Fuel Business

Company will hire 20 to 40 bunker fuel specialists   Independent energy and commodities group Mercuria’s global head of trading discussed the expansion of the group's maritime fuel business, Minerva.   "We believe we are forging a strong new model in the maritime fuel


Are Megaships Game Changers?

Image: A.P. Moeller-Maersk Triple-E

 Bragging rights for the world’s largest container ship have changed hands four times in as many months and keep on shifting again, says a report in the Bloomberg.   The megaships have come to dominate container shipping with astonishing rapidity over the past decade


Brookings Institution Hosting Panels on LNG Marine Fuel

The Brookings Institutions Charles Ebinger will moderate the panels (Photo courtesy of the Brookings Institution)

The Brookings Institution, a Washington D.C.-based think tank, will host a two-panel discussion on the use of LNG as a marine fuel on Tuesday, March 3, the organization announced today. The panels are part of the Institution's Energy Security and Climate Initiative (ESCI)


WesPac to Build N. America’s First LNG Bunker Barge

Image: WesPac Midstream

WesPac Midstream LLC (WesPac), a provider of energy infrastructure and liquefied natural gas (LNG) solutions, and its affiliate Clean Marine Energy LLC (CME), the global facilitator of tailored solutions for Emission Control Area (ECA) compliance


MSC Reports Better Fuel Efficiency with Jotun's HPS

MSC Oscar (Photo courtesy of MSC)

Jotun Marine Coatings said Mediterranean Shipping Company (MSC) will apply Jotun’s Hull Performance Solutions (HPS) on a number of new and existing vessels.   With almost 500 vessels, MSC has one of the world’s largest containership fleets


Marine Fuel Quality Improving -IBIA

The International Bunker Industry Association (IBIA) noted an improvement in bunker quality from across the marine fuels supply chain thanks in part to a campaign launched by the association. Addressing an audience of more than 1,000 marine fuel buyers


Cosco Profits Boosted by Low Fuel Prices

Image: China Cosco Holdings

China Cosco Holdings ended 2014 in profitable territory, growing its net earnings by 50 percent to $56 million on the back of cost cuts, improved revenue and lower bunker fuel prices.  The company, the flagship unit of state-owned shipping conglomerate China Ocean Shipping (Group) Corporation


California Fines 4 Shipping Firms

  The California Air Resources Board has fined four shipping companies a combined $146,719 for failing to switch from dirty diesel “bunker” fuel to cleaner, low-sulfur marine distillate fuel upon entering Regulated California Waters – within 24 nautical miles of the






 
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