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
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
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 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 Maritime and Port Authority of Singapore (MPA) has revoked the bunker supplier and bunker craft operator licences of Hong Fatt Oil Trading Pte Ltd and Tankoil Marine Services Pte Ltd with effect from 9 February 2015. The two companies are no longer allowed to operate as bunker suppliers and bunker craft operators in the Port of Singapore. As part of MPA's ongoing regulatory efforts to ensure the safety, reliability and quality of bunker supplies in Singapore
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 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
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
The International Maritime Club presented Meena Mathews, GAC’s Regional P&I Manager for the Middle East, with its Excellence in Marine Claims Management accolade at the IMC Excellence Awards ceremony at the Ocean Blue in Sharjah, UAE, this week.
Williams and GAC Pindar claim record sixth World Match Racing Tour title after Monsoon Cup victory Johor, Malaysia – GAC Pindar skipper Ian Williams has today entered the record books as the first to win sailing’s World Match Racing Tour title six times
Offshore marine and engineering consultancy Aqualis Offshore, part of Oslo-listed Aqualis ASA, has been contracted by Gas Entec Co. Ltd to provide an engineering study of a new-build LNG barge that will operate offshore the U.S. The contract value is undisclosed.
Association appoints new board members and sets priorities for the future The International Bunker Industry Association (IBIA) has appointed three new members to its Management Board and one new member to the IBIA in Africa Board. The appointments were announced at the Association’s
Transparency Market Research (TMR) have given a detailed insights and analysis of the global market for LNG bunkering fuel in its recently published market research report. On the basis of capacity, the market, which had a valuation of mere 70 kilo tons in 2013
As 2015 draws to a close and the Worldscale Organisation published the new 2016 Flat Rates, Poten and Partners goes through the annual exercise of updating Flat Rates in its systems. This highlighted once again the significant changes in bunker prices that occurred over the
European Shipowners may increase freight rates or renegotiate bunker clauses in the coming year in order to capitalise on lower crude oil prices and consolidate the recovery seen in 2015, reports ICIS. Bunker fuel prices came down significantly amid lower crude oil prices but some
TOTE Maritime Puerto Rico Successfully Performs First LNG Bunkering at Jacksonville Port. On Saturday, January 9, 2016, TOTE Maritime Puerto Rico successfully loaded LNG bunkers aboard the world’s first LNG powered containership, MV Isla Bella
GAC Dubai’s introduction of a suite of practical innovations to improve safety in working conditions and reduce the company’s carbon footprint has won it the Group Chairman’s Award for HSSE (Health, Safety, Security and Environment) Excellence for 2015.
Singapore’s maritime industry had a mixed performance in 2015. While the Republic remained the world’s top bunkering port, with the volume of bunkers sold last year increasing by 6.5 per cent, container and cargo throughput contracted by 8.7 per cent and 1.1 per cent respectively
GAC announced a new add-on to its GACtrack, aiming to give more job transparency and greater job control to ship agency customers. As well as being able to view job information from multiple offices on one screen, customers can check costs and export service information; view
The Swedish Maritime Organisation has advised the following ice restrictions in force with effect from 18 January 2016: Karlsborg – Luleå Minimum ice class IB and 2000 dwt Haraholmen – Örnsköldsvik och Ångermanälven
Effective immediately, and until further notice, the Panama Canal Authority (ACP) will require transiting crude oil tankers, product carrier, and chemical tankers carrying cargoes with flashpoint of less than 18 deg. C, to cool their main decks with water by means of the on-deck water
The M/V ALITA. IMO 8503814 (174.10 meters LOA x 15,85 meters in beam) has been reported sunk at the following approximate position: Latitude 09 deg. 23.87’N and Longitude 079 deg. 55.75’W, which is about 0.7 nautical miles and 325 deg. from the West Breakwater Light.
First delivery of LNG bunker expected to commence in 2017 Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiary KS Investments Pte Ltd (KSI), and BG Group plc (BG Group) have been selected to supply Liquefied Natural Gas (LNG) bunker to vessels in the Port of