OW Bunker Expands Supply Capacity With Terminal Agreements

Press Release
Wednesday, April 04, 2012

OW Bunker announced that it has entered into agreements with the Rubis Tank Terminal in Rotterdam and the Vesta Tank Terminal in Antwerp, to allow for increased access and guaranteed supply at key bunkering ports.

The investment in direct supply facilities comes in response to increasing demand for RMK 1 percent 500 cst fuel oil, a cost-efficient low sulphur fuel, which offers savings for operators transiting within the European ECA.

OW Bunker Netherlands' exclusive contract with the 72,000-cubic-meter Rubis Tank Terminal in Rotterdam will support the supply of all grades of marine fuel on both spot and contract basis, and will guarantee supply of RMK 1 percent 500 cst fuel oil. The agreement also gives OW Bunker Netherlands exclusive control over all loadings and discharging at the terminal. OW Bunker Belgium has also secured 44,000 cubic meters of storage capacity at the Vesta Tank Terminal in Antwerp, in a move to create even more efficiencies in barge loading and vessel supply along the busy trade route.

“With bunker prices remaining high, we are very aware that our customers need to look for the most cost-efficient bunkering strategies, and we have invested in these terminal agreements to ensure that we can offer the highest quality and best value products to meet our customers' needs,” said Vincent De Vos, Managing Director, OW Bunker Netherlands. “Many of our customers in the ARA were requesting RMK 500 cst heavy fuel oil, but were not aware of the existence of the 1 percent sulphur alternative, which is both a cost-efficient and practical alternative for meeting regulations in the region. We have been working with our customers to increase awareness of the range of products available, and entering into these terminal agreements ensures that we have the infrastructure in place to meet rising demand.”
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

China COSCO to be First through the Expanded Panama Canal

China COSCO Shipping has won the draw for its container vessel Andronikos to make the ceremonial first transit through the Expanded Panama Canal during the waterway’s inauguration on Sunday, June 26.

Sellick Equipment to Open New Facility

On April, 20, 2016, at the young age of 97 years, Walter Sellick along with sons Howard Sellick - President, David Sellick - Vice President and grandson Colin Sellick - Systems Manager,

Asia Tankers-VLCCs Rates Ease as Tanker Jams Fade

Port congestion eases at Basra and Chinese ports; tanker demand set to expand on lower oil prices. Freight rates for very large crude carriers (VLCCs), hurt by slower-than-usual release of cargo,

Fuels & Lubes

Oil Rally is Not Just About Hedge Funds: Kemp

Oil prices are becoming dangerously overheated as speculators anticipate a rebalancing of supply and demand that has barely started, according to many oil analysts.

Singapore Revokes Two Bunker Licenses

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,

Norwegian Escape Equipped with Alfa Laval Systems

Norwegian Escape, the first cruise ship in Norwegian Cruise Line’s new Breakway Plus Class, was delivered in October 2015. The 164,600 GT vessel, which boasts 19 decks and 4,

News

MARAD: $5 Mln Available for Marine Highway Projects

The Maritime Administration (MARAD) has announced the availability of $5 million in Federal funding to expand marine highway service by creating new or expanding

New Shipping Firm Sets up in Vancouver

A new shipping company has established itself in Vancouver as the Vancouver International Maritime Centre (VIMC) completes its Asia tour, launching in Tokyo, Singapore and Hong Kong.

Drug Interception at Red Hook Container Terminal

Approximately 121 pounds of heroin and eight pounds of cocaine were discovered in a shipping container of vegetables that was moving from Ecuador to Miami, Fla.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0937 sec (11 req/sec)