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GAC Bunker Fuels Launches Web-Based Pricing platform

Nicholas Browne, Global Director of GAC Bunker Fuels

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


Danish Bunker Trader Joins GAC in London

Ida Ryberg: Photo GAC

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 Opens Ship Agency Offices Australia-wide

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.


GAS SHIPS: GAC Helps Meet Rising Indian Demand

(Photo: GAC)

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


GAC Bunker Consolidates Asian Presence

Captain Sathya Chandrashekar

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.


Singapore Revokes licenses of 2 Bunker Suppliers

    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


GAC Acquires Majority Stake in Norway’s Ole R Olsen AS

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

GAC Warehouse WEB.jpg

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 Pushes Further into the Arctic with Polar Logistics Group

From left: Sebastian Rasmussen (Logistics & Projects Manager), Henrik P. Lassen (VP Operations) and Jan Almqvist (MD) of POLOG with Ahmet Özsoy, Managing Director of GAC Norway

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


MPA Cancels Coteam Petroleum Bunker License

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 EnvironHull Unveils Fuel Savings Calculator

GAC EnvironHull Photo GAC

Ship owners and operators can now compare fuel cost savings reaped by hull cleaning with GAC EnvironHull’s online fuel savings calculator. A foul-free hull offers the benefits of significantly enhanced fuel efficiency and lower operating costs by reducing resistance in the water


Singapore Revokes Two Bunker Licenses

Photo: Vermont UM Bunkering

 Singapore's Maritime and Port Authority (MPA) have revoked two bunker suppliers' license to operate in the world's top bunker port.    The two companies have, according to the authority, violated the terms and conditions for bunker activities in the port.  


WSS Offers ‘One Stop Shop’ Approach to Bunkering

(Photo: WSS)

 Ship operators who rely on a myriad of companies for their global bunkering needs are wasting time, money and energy, with no guarantee of standardized quality of products and services, says Wilhelmsen Ships Service (WSS). In an industry defined by tight margins and cost constraints this


IBIA Develops Bunkering Procedure Guidelines

A set of Standard Operating Procedures (SOP) for surveyors has been developed by the International Bunker Industry Association (IBIA) to help the industry manage new regulations, standardize best practice and build trust in the market, IBIA announced.  


CMA CGM, GAC Ink Agency, Service Deal

GAC Norway has been appointed to meet the needs of CMA CGM vessels for agency, husbandry and mandatory NOx reporting at Oslo, the country capital and home to its largest port. Photo  GAC

The Scandinavian arm of the world’s third largest container shipping company CMA CGM has signed an agency, husbandry and NOx reporting agreement with GAC Norway for its ships calling at the port of Oslo. The CMA CGM Group has a fleet of 470 vessels serving 400 of the world's 521


Vitol's New Bunkering Partnership in Nigerian Waters

Pic: PPPFluid Mechanics Limited

 International oil trader Vitol Group (Vitol)  has started a new bunkering operation in Nigerian waters with shipping and logistics firm PPP FM Bunkers (PPPFM), supported by the Secure Anchorage Area (SAA) West Africa.   Nigeria's PPPFM is fully licensed by that country's


Panama Canal New Locks tested Successfully

Photo by Panama Canal Authority

The Panama Canal has announced that Grupo Unidos por el Canal (GUPC), the consortium responsible for the design and construction of the third set of locks  project, has successfully completed testing of the reinforcements in sill #3 at the new Cocoli Locks in the Pacific.


Low Bunker Prices to Support Tanker Earnings

Image: Hamilton Energy

 Lower oil prices performed wonders for the tanker market in 2015, says  Drewry Maritime Research. Tonnage demand surged and oil trade expanded because of high consumption demand and increased stocking activity.    Tonnage supply was also kept in check as the contango in oil


PCA Announce New Booking & Service Tariff

Panama Canal Photo PCA

New booking tariff for neopanamax locks & changes to other service tariffs Friday, March 11, 2016, Panama Canal, Panama  The Panama Canal Authority (PCA) announced the following new booking and PCSOPEP tariffs for the neopanamax vessels and modifications to other pilot related tariffs


Gazprom in First LNG Bunkering at Rostock

Bunkering of M.V. Greenland cement carrier Photo Gazprom

Gazprom Germania GmbH, a subsidiary of Gazprom Export, has carried out its first bunkering of a ship with liquefied natural gas (LNG) at the port of Rostock, Germany. In the early hours of the morning of February 27, 2016, a ship was fueled with LNG for the first time in the southern Baltic Sea


Shell, Rolls-Royce, MAN Ink LNGi Deal

Dr. Gerd-Michael Würsig, Business Director LNG fuelled Ships at DNV GL – Maritime

DNV GL’s new LNG intelligence portal (LNGi) aims to bring stakeholders from across the LNG industry together to share market intelligence and contribute to the uptake of LNG as a ship fuel. Leading LNG suppliers and engine manufacturers including, Shell


Kang Joins Glander International Bunkering

Guyson Kang Photo Glander

Glander International Bunkering a global marine fuel, lubricant trading and brokering firm welcomes Guyson as Bunker & Lubricant Trader to the Singapore office.   Guyson joins Glander International Bunkering with regional expertise in the Asia Pacific region and has been in the maritime


Danish Investors Summon OW Bunker Parties to Court over Bankruptcy

File photo: OW Bunker

A group of 26 institutional investors has issued a summons against bankrupt Danish ship fuel supplier OW Bunker in the latest stage of a legal campaign for allegedly misleading them in its 2014 initial public offer (IPO).   The investors had said last year they would sue Bunker


GAC, Far East Development Fund Team up to develop NSR

International shipping companies transiting the Northern Sea Route Photo GAC

GAC Russia has teamed up with the Far East Development Fund to address the challenges faced by international shipping companies transiting the Northern Sea Route (NSR), and to make this transport corridor more attractive to ship and cargo owners.


IBIA Develops Bunker Course with South Shields Marine School

Training Courtesy IBIA

The International Bunker Industry Association, (IBIA) has joined with South Shields Marine School at South Tyneside College, to develop a course unit on bunkering essentials for merchant navy cadets and engineering officers taking their Class one and Class two certificates of competency.






 
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