GAC Bunker Fuels Limited has launched a new website-based pricing and market information platform that enables customers to access the daily data required to make fast and informed fuel procurement decisions. This new interactive service, which allows ship owners and operators to design their own customised daily pricing page, is available at http://www.gac.com/bunkerfuels. The GAC Bunker Fuels service provides historical data, allowing users to track and analyse market trends. In addition, GAC's website hosts ship agency details, information on specific ports and weather routing data in order to give its customers all of the market intelligence that they need to make efficient and cost-effective bunker purchasing and operational decisions. GAC Bunker Fuels is also launching a weekly market intelligence bulletin that will provide insight and information from across the GAC Group, including port congestion updates and bunker availability. Customers will also be able to customise this bulletin to suit their particular needs and interests. Nicholas Browne, newly appointed Global Director of GAC Bunker Fuels, said: “The process of procuring the right bunker fuel at the right time, in the right place and at the right price can be highly complicated, particularly in a volatile market where prices continue to fluctuate amid a rising trend
The expansion of GAC Bunker Fuels Ltd global network continues with the opening of a new dedicated office in India and the appointment of an additional trader in Singapore. The opening of the Cochin office reflects the company’s commitment to its operations in the Indian Subcontinent, where they are already represented by a team based in Colombo, Sri Lanka. Shipping veteran Captain Sathya Chandrashekar has been appointed to run the new Cochin operation.
The GAC Group has acquired an 80 percent stake in Ole R Olsen AS (ORO) Norway’s oldest shipping agency. This follows a strong and positive half-year strategic alliance between GAC and ORO. GAC purchased the shares of ORO’s retiring President Frank H Toftesund. The remaining 20 per cent shares are held by ORO’s Managing Director, Ahmet Øzsoy, who will continue to head the new entity GAC-ORO. The merger brings together GAC’s global connections with ORO’s 162 years of maritime
GAC Group announced an expansion plan with the opening of 13 ship agency offices in major ports throughout Australia. The locations include Cairns, Townsville, Mackay, Gladstone and Brisbane in Queensland; Sydney (country headquarters), Newcastle and Port Kembla in New South Wales; Melbourne in Victoria; Adelaide in South Australia; and Fremantle, Dampier and Port Hedland in Western Australia. Each office will offer a full range of ship agency and maritime ancillary services.
GAC’s in-house ship-to-ship transfer expert GAC Transfer Services (GTS) has responded to growing demand for LPG imports and exports of clean products in the Indian Subcontinent with the establishment of a new fully-equipped base in Sri Lanka. Ship-to-ship (STS) equipment such as fenders and hoses, in accordance with industry standards, is stored at GAC’s base in Galle, which is strategically located at the southern tip of the island nation
The Maritime and Port Authority of Singapore (MPA) cancelled the bunker supplier and bunker craft operator licenses that were issued to Coteam Petroleum Trading Pte Ltd with effect from April 1, 2014 as they contravened the terms and conditions of the bunkering licenses, GAC reported. Coteam Petroleum was found to have breached Clause 3 of the terms and conditions of the Bunkering License (Bunker Supplier) by allowing other companies to use their Bunker Delivery Notes to supply bunkers
GAC has expanded its regional Shipping Marketing team with the appointment of Niko Steindamm. As Marketing Manager, Shipping, based in Bremen, Germany, Steindamm will promote GAC's global shipping and related services to the maritime and commodity/trading communities in Germany, Poland, the Czech Republic and Slovakia. Prior to joining GAC, Steindamm worked in sales and operations for a large container line in Germany
GAC USA expansion continues with ground breaking of new Houston warehouse; Construction to start on LEED registered building in Central Green Business Park. GAC, a provider of integrated services to the shipping, logistics and marine industry, has announced the official start of construction of its new office and warehouse building in Houston's Central Green Business Park. GAC will consolidate its existing warehouses with the new LEED (Leader in Energy and Environment
GAC Norway AS and Polar Logistics Group ApS (POLOG) formed a strategic partnership to further strengthen GAC's network within the Arctic Circle. The move is the latest stage in the company's Arctic strategy to better serve the region by bringing together organizations and individuals to create a unified network of expertise, experience and local resources. By combining GAC's shipping, logistics and marine expertise with POLOG's network throughout Greenland and ability to meet remote
GAC, a global provider of integrated shipping, logistics and marine services, said it continues to strengthen its presence and services in the U.S. by obtaining a Customs Broker's License with a National Permit 13-047. This follows the Group’s recent C-TPAT certification, granted only to companies that meet the strict criteria set by U.S. Customs & Border Protection and U.S. Department of Homeland Security.
The working period for the construction of Changi East Finger Extension has been extended, GAC said in its daily Hot Port News report. The works will now be conducted from April 25 to October 24, 2014. According to the Maritime and Port Authority of Singapore Port Marine Notice No
The Maritime Administration of the United Arab Emirates has introduced services for the attestation of seaman contract and issuance of oil/chemical/gas tanker endorsement. ATTESTATION OF SEAMAN CONTRACT: This service is applicable for Crew working on UAE Flagged vessels that are engaged in
Lloyd's Register’s (LR) LNG Bunkering Infrastructural Survey 2014 indicates that major ports around the world are either planning for, or are anticipating, the wide-scale development of LNG bunkering. 22 ports were assessed in the analysis with 18 key questions addressed.
The port at Chile’s Valparaiso is operating and terminals working, albeit at a slower than usual pace, despite the effects of the fire which swept through part of the city at the weekend, GAC said in its daily Hot Port News report. Strong Pacific coast winds fanned the flames which spread
Dredging operations have been completed in New Castle Range and all submerged pipeline has been removed, GAC said in a alert. Anchorage No.3 and No.5 are reopened for anchorage purposes. At this time, Norfolk Dredging is conducting dredging operations at Deepwater Point Range
The International Bunker Industry Association (IBIA) informs of the appointment of Jens Maul Jorgensen as its Chairman for 2014/15. He replaces Simon Neo who has completed his one year term of office. IBIA say that Jens Maul Jorgensen is Director of Bunkers for German dry bulk shipowner
GAC informs that until approximately July 8, 2014, the dredge G.D. Morgan will be conducting dredging of shoal material in the vicinity of Southwest Pass of the Mississippi River. The cutterhead dredge G.D. Morgan will be working in the vicinity of the Mississippi River, approximate Mile 6
The commitment of GAC Energy & Marine Services (GEMS) to sustainability when building its new purpose-built office and warehouse building in Houston, Texas, has earned it the First Prize in the GAC Group Chairman's Award for Environmental Excellence for 2013.
The U.S. Navy Maritime Liaison Office in Bahrain has advised that the Master of a merchant vessel reported being approached by a suspicious skiff north-east of Socotra Island, in position 13.14.20 N/056.34.10 E on or about 1530 UTC on Saturday (5 April).
Indonesia's General Election will take place tomorrow, Wednesday, April 9, and the day will effectively be a public holiday for most government institutions and subcontractors. Terminals and port activities, however, will not be affected and will be working as normal
GAC informs that the Patache Terminal at Iquique in Chile was declared operative yesterday, April 8, by the Port Authority, one week after the earthquake that shook the area. The EPI Terminal, however, remains out of service due to significant damage at the break water pier
GAC said a new exchange rate has come into effect in Venezuela for services rendered to foreign-flagged vessels performing international trading. The official rate, as per SICAD II public currency exchange auctions, is BsF. 49.06 per USD.
Genoil to develop hydro cracking unit to produce ECA-compliant LSFO; OW Bunker to provide feed oil and buy one million tons of 0.1% LSFO per annum OW Bunker, a physical distributors and resellers of marine fuels, today announced that it has signed a Memorandum of Understanding (MOU) with Genoil
New Mangalore Port recorded growth of 6.29% in cargo handling during the financial year 2013-14, GAC informs. The port handled 39.36 million tons of traffic, compared to 37.03 million in 2012-13. Of the total, 14.94 million tons (up from 14
Approximately 34 yachts are expected to participate in a race from Hong Kong to the Philippines will take place from April 16-21, GAC said in its daily Hot Port News report. The race will commence on Wednesday, April 16 at 1:20 p.m. off the Causeway Bay Typhoon Shelter