As Australia-Asia Trade Grows, So Too Does Bunker Use

Tuesday, February 21, 2012

OW Bunker confirmed an increase in demand for bunkers across the Pacific Islands, resulting from a further strengthening in trade between Australia, China, Indonesia and India and further growth in the domestic cruise industry.

OW Bunker Australia, which acts as the OW Bunker Group's purchasing centre for the region, has reported that the Pacific Islands are experiencing an increase in demand for marine fuel as Australia's commodities markets and marine tourism industries continue on a positive growth trajectory. OW Bunker has confirmed that availability of both 0.1% MGO and 3.5% fuel oil across the region is sufficient to meet demand, with a strong supply infrastructure throughout the Pacific Islands.
“Australia's economy in particular remains robust, with an influx of international investment in commodities such as iron ore and LNG significantly boosting trade from and across the region," said
Stefan Poulus, Branch Manager, OW Bunker Australia. "We have seen growth in several key bunker ports, with Port Moresby in Papua New Guinea providing a good alternative for bunkers on the Australia and New Zealand to Asia route. Increased cruise traffic has also fuelled demand across the Pacific Islands, particularly in New Caledonia, Fiji and French Polynesia. Projections for the cruise industry, particularly between Australia and New Zealand are strong, with a predicted 20% increase in traffic in the next few years, so we can anticipate that demand for bunkers will increase in line with this.” 
The recent announcement of a US$2.9 billion investment from Rio Tinto in Western Australia's Port of Cape Lambert is expected to enhance the port's capacity for the export of iron ore to 203 million tonnes annually by 2015. The Great Lakes Dredge and Dock Corporation (GLDD) has also announced a US$180m contract tied to Chevron's Wheatstone LNG Project, which is expected to further strengthen Australia's output and trade with Asia in particular, as the biggest consumers of Australian LNG. 
Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Henderson, Hanes & Associates Opens Doors in Miami

Ocean Engineering/ Naval Architecture Firm Brings Innovation to the Mega Yacht Community The Miami-based ocean engineering and naval architecture firm of Henderson & Associates, Inc.

DOF Installer Sells Offshore Vessel

DOF Subsea AS subsidiary, DOF Installer ASA, reported the sale of one of its three sister ships, an anchor handling tug supply (AHTS) vessel, to an international buyer.

Scanjet Secures 30-ship Tank Management Order

Scanjet Group has followed up its Tank Management order from Stolt-Nielsen with a series of contracts for its ITAMA Intelligent Tank Management concept including Tankcleaning,

Fuels & Lubes

Victaulic Debuts Delta-Y Assembly for Offshore

Victaulic  introduces the Style DLY Delta-Y assembly, a combination of preassembled Victaulic cast grooved fittings, rigid couplings and butterfly valves. The Delta-Y

Going Big for Sustainability

Orkot Marine Bearings, developed and manufactured by Trelleborg Sealing Solutions, contribute to the build of the world’s largest and most efficient containerships,

Kounalakis Joins OW Bunker N. America

OW Bunker, a reseller and physical supplier of marine fuels, announced the appointment of Georgia Kounalakis to its physical supply operation in North America.

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Offshore Oil Pod Propulsion Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1400 sec (7 req/sec)