OW Bunker Expands Supply Capacity With Terminal Agreements
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 (OW2.SG) 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.”