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
Effective from 27 May 2015, German Authorities will implement the reporting requirements for vessels according to EC-directive 2010/65/EU (national single window reporting formalities). This directive is designed to achieve harmonization and simplification of reporting formalities in
The navigation channel at km 287 of the Parana River is obstructed after a bulk vessel went aground on the right margin during the early hours of 13 May during her navigation to San Nicolas. The Coast Guard has allowed navigation for vessels with max draft of 7
Cruise Manager appointed to coordinate integrated cruise support nationwide GAC UK is boosting its services for the cruise industry with the appointment of Fergus Poole as Cruise Manager. For nearly two decades, Poole has specialized in the sector and has held a number of
British oil major BP and China’s Sinopec Fuel Oil have formed a marine fuels bunkering joint venture (JV), BP Sinopec Marine Fuels Pte Ltd. Under the deal, the 50-50 percent joint venture, BP Sinopec Marine Fuels Pte Ltd
Port operations in Turkey are facing disruption as a result of a massive power cut that has hit dozens of provinces across the country today (Tuesday 31 March). Although the Turkish Straits and ports are not closed, husbandry operations (crew changes, spares, etc
The United States Maritime Resource announced that its training partner, Harvey Gulf International Marine, recently launched the PSV Harvey Energy, the first LNG-fueled vessel to enter service in North America. In March, the PSV Harvey Energy began working on charter to Shell in the Gulf of Mexico
Traffic in the Bosphorus will be closed from 0500 to 2000 hours tomorrow (7 April) due to works on the 3. bridge (Yavuz Sultan Selim Bridge). For information about operations in the urkish Straits cotnact GAC Istanbul at firstname.lastname@example.org
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
On 17 January 1955, Commander Eugene P. Wilkinson, USN, the first Commanding Officer of USS Nautilus (SSN 571) signaled the memorable and historic message “Underway on nuclear power.” Underway on LNG has an opportunity to signal an equally significant change in the merchant
Lower oil prices are sharply reducing the cost of shipping merchandise from Asia to the United States and Europe as the cost of bunker fuel tumbles. Container shipping companies deal with the volatility in fuel prices by adding a separate bunker adjustment factor or fuel surcharge to their
A slow moving low pressure system is bringing severe weather conditions off the New South Wales coast, prompting port closures at Port Kembla and Sydney and the imposition of restrictions in Newcastle. Port Kembla remains closed with monitoring of the port entrance to continue
GAC EnvironHull’s eco-friendly, diver-free hull cleaning technology makes its Asian debut at this year’s Sea Asia exhibition, marking its introduction at one of the world’s busiest ports, Singapore. The HullWiper Remotely Operated Vehicle (ROV) system was launched in
Following news that a cargo ship was yesterday (28 April) intercepted by an Iranian Revolutionary Guard naval patrol in the Strait of Hormuz, GAC is recommending vessel owners to stay in close contact with already established security centers whilst in the area.
According to the Australian Bureau of Meteorology's update at 0600 hours local time today (30 April), Severe Tropical Cyclone Quang has just reached category 4 intensity. The cyclone lies about 785km (425NM) northwest of NW Cape. Further intensification is possible.
A unique storage facility adjacent to one of the busiest shipping trade routes in the world is soon to become available. Since 2001, Portland Port located on the south coast of the UK has leased its bunker storage, pipeline and berth facility to Aegean Marine Petroleum Network