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Bunker Trader News

14 Aug 2023

Singapore Bunker Sales Rebound as Container Throughput Firms

© Mariusz / Adobe Stock

Singapore's marine fuel sales, also known as bunker sales, rebounded in July after a sharp decline in June, while monthly container throughput hit a year-to-date high, official data on Monday showed.Bunker sales at Singapore are a key indicator of sentiment at the world's largest refuelling hub for ships, which is also one of the busiest shipping lanes globally.The volume totalled 4.52 million metric tons in July, up 14.9% month-on-month and 9.7% higher year-on-year, Singapore's…

01 Mar 2023

Singapore Bunker Premiums Set for Bumpy Recovery in March

© Igor Groshev / Adobe Stock

Premiums of marine fuel, also known as bunkers, are set for a bumpy recovery in March in Singapore, the world's largest bunkering port, as refuelling demand from the shipping sector has recently waned, multiple trade sources said.A weaker Singapore bunker market reflects slowing activity at one of the world's most major ports that sits on a crucial shipping lane, while lower demand will also weigh on Asia's fuel oil refining margins.Bunker premiums for the most actively traded very low sulphur fuel oil (VLSFO) grade…

18 Feb 2022

REG and Bunker Holding Partner to Advance Marine Biodiesel Use

Bunker Holding’s physical bunker subsidiary, Bunker One, ran in 2021 a test run on the M/T Amak Swan, operating the tanker on a B30 biofuel blend which consists of a second-generation bio feedstock. (Photo: Renewable Energy Group)

Bunker trader and supplier Bunker Holding Group and renewable fuels producer and supplier Renewable Energy Group, Inc. are partnering to further develop the U.S. and EU marine markets for sustainable bio-based diesel.The collaboration agreement is initially focused on opportunities in North America and Europe, where trials of B20 and B30 are being run in high-traffic regions of both continents.For REG, this agreement continues its efforts to expand product offerings with further reach into the approximately 70 billion gallon…

20 Oct 2021

Singapore Charges Two for Corrupt Bunker Trading

© Rex Wholster / Adobe Stock

Singapore authorities have charged two individuals in court for alleged corruption in relation to the trade and supply of marine fuels, the Corrupt Practices Investigation Bureau (CPIB) said in a statement.Afzal Bin Mohamed Ekbar, a bunker trader at KPI Bridge Oil Singapore Pte Ltd at the time, had allegedly obtained at least $191,000 on multiple occasions between 2017 and 2018 from the director of Straits Bunkering Pte Ltd, Shafiq Bin Nezammuddin, as kickbacks for nominating Straits for the supply of bunker fuel to KPI's customers, the CPIB statement said on Tuesday."Afzal had also allegedly

20 Jan 2021

Fruergaard to Take Over as CEO of Pacific Basin

(Photo: Pacific Basin Shipping)

Hong Kong-headquartered dry bulk shipping company Pacific Basin announced Wednesday that Martin Fruergaard will take over as CEO, replacing longtime chief executive Mats Berglund, who has decided to retie. Fruergaard, the current CEO of Danish gas shipping company Ultragas, will relocate to Hong Kong and join Pacific Basin in early July. He brings to the role significant maritime leadership experience, having previously occupied senior positions in Maersk Bulk Carriers, Maersk Tankers and Maersk Drilling.Berglund was CEO of Pacific Basin for nine years…

14 Sep 2020

Offshore Wind: Vessel Owners Under Pressure to Cut Emissions

Credit:  Ian Dyball/AdobeStock

Fast-growing offshore windfarms expect low carbon service operations by support vessels, but supplying and handling biofuels is a challenge and the development of ammonia and hydrogen-powered vessels still has a long way to go, ship fuel broker and trader LQM Petroleum Services said.The global offshore wind industry continues to balloon, adding 6.1 GW capacity in 2019 and has continued to grow through the Covid-19 pandemic, the company reminded."In Europe the sector has now reached…

04 Jul 2019

Dan-Bunkering Announces New Appointment

Stamford, CT-based Dan-Bunkering (America)  announced the relocation of two Bunker Traders, the employment of a Senior Purchaser, and a new office address.Kasper Christiansen, Danish national, has relocated to Dan-Bunkering in Stamford as of 1 May 2019. Prior to the relocation, Kasper was working as a Senior Bunker Trader in the head office in Middelfart, Denmark; an office which he joined in 2010. He has, however, in the meantime been stationed abroad for a period of two years in Asia, thus he is thoroughly versed in various markets and holds nine years of valuable experience within the industry. Janek Ekeli, originally from Norway, also relocated to Dan-Bunkering’s Stamford office as of 1 May 2019 from another company in the group, i.e. the Middle Eastern office in Dubai.

24 Oct 2017

Vopak Launches Concurrent Bunkering Services in Singapore

Vopak, the world's largest independent storage tank operator, has launched a new service that allows tankers docking at its Singapore Sebarok oil terminal to refuel while simultaneously loading or discharging cargoes. "The new concurrent bunkering service is in line with Maritime and Port Authority of Singapore's directive to improve port efficiency," Vopak said in a statement on Tuesday. The service eliminates the time needed to move tankers calling at the Sebarok terminal to designated anchorages in Singapore's congested waters for refuelling, also known as bunkering. Prior to this, tanker vessels were required to sail to the anchorage to receive their bunkers, the Dutch oil and chemicals storage company said.

15 Sep 2017

Brightoil Launches Online Bunker Trading Platform

© Riccardo Arata / Adobe Stock

International bunker trader and supplier Brightoil has launched a new suite of online tools that aims to transform the way bunker fuel is traded globally. Brightoil Bunker Online E-Delivery platform is now live and includes a Forward Fixed Price (FFP) facility making the process of buying bunkers anywhere in the world faster, easier and more transparent. The new facility enables customers to lock-in bunker cost for up to nine months forward thereby reducing exposure to major price swings. Online nomination of FFP contracts for physical delivery and optional cash settlement.

03 Jul 2017

Dan-Bunkering Appoints Jensen as Managing Director

Photo: Dan-Bunkering

Dan-Bunkering (America) Inc. has announced the promotion of Jim Jensen to the position of managing director as of July 1, 2017.   Jensen initially started with Dan-Bunkering as a bunker trader at its Copenhagen office in 2008 and relocated to Houston in 2012 at the same time as the opening of the group’s first American set-up, where he advanced to commercial director. Prior to joining the Dan-Bunkering Group, Jensen was employed by a large oil company in Denmark.

06 Feb 2017

Mass Flow Metering Now Mandatory in Singapore

In a move which has been hailed as a landmark moment for the bunker industry, the use of mass flow metering (MFM) for heavy fuel oil bunker deliveries in Singapore became mandatory on January 1, 2017. The Maritime and Port Authority of Singapore’s (MPA) efforts have been applauded by many in the industry – including World Fuel Services – who see MFM as an important tool for developing more transparency and accountability for the bunker supply chain. So how does MFM work, and why is it so important to the bunkering industry? When a mass of liquid passes through an oscillating tube, the inertia effect of the moving liquid will cause the tube to twist – and the twisting will be in direct proportion to the liquid‘s mass flow.

08 Dec 2015

Bright future for Bunkering at Indian Ports

Hinode’s 5th Annual conference on the Outlook for bunkering and Marine Lubricants in India clearly acknowledged the fact that India was well on its way to becoming a Bunkering destination. Lack of infrastructure, duties, quality of bunkers, etc., were issues now in the process of getting resolved and the government was actively engaged in putting necessary infrastructure in place. With the evolving scenario speakers at the conference agreed that ample opportunities exists for players to make it big in the bunkering business. The conference drew record participation with a wide response not just from India but also from South East Asia, Middle East and Far East and other countries.

27 Nov 2015

Dan-Bunkering Appoints Bara as Bunker Trader

Dan-Bunkering (Middle East) DMCC is pleased to announce that Lamin Bara has joined the office in Dubai as Bunker Trader as per 1 November 2015. Lamin was born and raised in a multilingual family in Denmark and has been working in the transportation/logistics industry for the past many years.

18 Mar 2015

Yusope Joins Dan-Bunkering as Bunker Trader

Dan-Bunkering (Singapore) Pte. Ltd. informed that Emelia Yusope has been employed as Bunker Trader. Emelia started her career at Dan-Bunkering in the middle of February this year. Emelia who is Singaporean has previously lived in Europe and returned to Singapore in 2013 where she commenced her career in the bunker business.   Sales Manager Mads Holm welcomes this additional Bunker Trader to his strong Singaporean team.

04 Feb 2015

Glander International Bunkering Continues Dubai Office Hiring

Kristian Korsgaard Pedersen (Photo Courtesy of Glander International Bunkering)

Glander International Bunkering continued a series of hires in its Dubai office today, announcing the hiring of Kristian Korsgaard Pedersen as the office's Senior Bunker/Lubricant Trader and Team Leader. On Monday, the company announced the hiring of Luis Cañizales as an office Bunker and Lubricant Trader. Pedersen, originally from Denmark, has worked in the bunker industry for over 16 years. He was the Sales Manager at O.W. Bunker Middle East DMCC when the firm declared bankruptcy in November of 2014 (a bankruptcy now under investigation by Denmark's largest pension fund).

24 Oct 2014

Singapore Bunker Meter Mandate Targets 'Frothy Fuel'

Singapore, the world's biggest bunkering port, plans to end the so-called "cappucino effect" in ship fuelling through new meters designed to stop suppliers from short-changing customers, although the industry is warning of a short-term sales dip. The Maritime and Port Authority (MPA) of Singapore, which sold more than 42 million tonnes of bunker oil in 2013, will be the world's first port to mandate the use of mass flow meters for fuel oil bunkering. The meters show the actual mass of fuel delivered, preventing suppliers from boosting their profits by injecting air into the fuel as it is pumped aboard. The practice, known as the "cappucino effect"…

30 Sep 2014

Kounalakis Joins OW Bunker N. America

Photo courtesy of OW Bunker

OW Bunker, a reseller and physical supplier of marine fuels, announced the appointment of Georgia Kounalakis to its physical supply operation in North America. Kounalakis joins the region’s senior team to take on responsibility for business development and help to drive further sales growth across North America, in line with the company’s global expansion strategy. Kounalakis joins OW Bunker North America from Aegean Marine Petroleum Inc, where she most recently held the position of General Manager – Americas.

25 Sep 2014

New GAC Bunker Trader for Bergen Team

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, strengthening our commitment to operational excellence in strategic locations for our customers.” The company adds that GAC Bunker Fuels has expanded rapidly in the last two years, and now has a team of 25 bunker traders worldwide.

25 Jul 2014

Danish Bunker Trader Joins GAC in London

GAC Bunker Fuels says it has appointed former GAC Denmark Shipping Assistant Ida Ryberg as a Bunker Trader with its UK team. Ryberg joins Andy Boichat and Resham Rai at the London office and will also work closely with Kenny Petrie in Aberdeen, Murray Bishop in Southampton and Dimitra Maniati focusing on the superyacht sector from the sailing hub. Nicholas Browne, Global Director of GAC Bunker Fuels, says: “The global bunkering market is facing significant change and challenges in the coming years. Regulatory compliance, emission controls, economic pressures and volatile prices are factors that will continue to impact supply and demand.

18 Apr 2014

Bunker Specialists Endofa Name Hoffmann CEO

Lars Hoffmann: Photo Endofa

Endofa, an independent marine fuel supplier and bunker trader, informs it has named Lars Hoffmann as Chief Executive Officer. Prior to joining Endofa, Hoffmann served as Chief Executive Officer for Shipping.dk. He also served on the board of the Danish Shipbrokers Association. "We have known Lars for many years and always admired him for his accomplishments in shipping and his work for the Danish shipping industry," notes Endofa's Kenn Soendergaard. Endofa completed its first year with a turnover of US$ 235-million between the company's offices in Houston and Dubai…

06 Mar 2014

Bunker Suppliers, Endofa, in France Partnership

Kenn Soendergaard: Photo credit Endofa

Endofa, an independent physical marine fuel supplier and bunker trader with offices in Houston and Dubai, informs it has partnered with another emerging bunker broker, VP Bunkers, to form Endofa-VP with offices in Nice, France. According to Endofa's Kenn Soendergaard, the new entity is designed to expand Endofa's presence in Europe while serving as its exclusive agent in France. "Our promise to deliver Positive Energy to the shipping market and offshore industry is very much at the center of this new venture," Soendergaard says.

07 Feb 2014

Dynamic Oil Expands Middle East Operations

Three new appointments announced as recruitment drive to support expanding customer base continues. Dynamic Oil Trading has announced a series of appointments at the company’s recently launched Dubai office, amid continued expansion of the firm’s Middle East operation. Bunker traders Leonore Lagendijk and Mirko Antichi, as well as accountant Sheila Oller will join Dynamic Oil Trading’s Dubai operation with immediate effect. Leonore comes to the role with three and a half years’ trading experience, having previously held trading jobs at O.W. Bunker Middle East DMCC and BP.

16 Jan 2014

New Bunker Trader at Dynamic Oil

Jacky Yen

Dynamic Oil Trading, the global trading company for marine fuels and lubricants, has announced the appointment of Jacky Yen as a new bunker trader for its Singapore bunker trading team. Educated at University College Dublin, Jacky Yen brings considerable experience of working with suppliers and buyers in the Singapore bunker market. Prior to joining Dynamic Oil Trading he worked at another marine fuel company in the Lion City for two years, where his responsibilities included bunker trading, operational liaison for fuel deliveries and acting as the point of contact with the Singapore MPA.

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