OW Bunker, Petrocosta Collaborate in Latin America

Posted By Gabby DelGatto
Monday, August 11, 2014
OW Bunker has entered into a partnership with Petrocosta CI SA, a Colombian fuel marketing and transportation company. The agreement will further develop OW Bunker’s physical distribution network of marine fuel in Colombia and support its growth across Latin America. 
 
Petrocosta’s responsibilities will include the sourcing, blending, storage and transportation of marine fuel products. OW Bunker will handle the sale and marketing of products through its existing network, as well as provide risk management and other related services.
 
A full range of high quality marine fuels, including low sulfur fuel oil, marine gas oil, and various lubricants will be initially available in Cartagena through the partnership, with potential expansion into key ports along Colombia’s Caribbean Sea coast where Petrocosta operates. 
 
Pedro Gómez, Regional Manager of OW Bunker Latin America, commented: “As Latin America’s trade growth is poised to rise, entering into a strategic partnership with Petrocosta CI. SA, is a strategic, timely move that will allow us to further strengthen and expand our services for customers in Colombia. Based on our existing relationship, we are mutually confident that our ambitions and operational synergies are closely aligned. Combining OW Bunker’s strong financial position, global network and local presence with Petrocosta’s strong distribution capabilities, market expertise and access to the highest quality products, provides a very strong, integrated customer proposition that will also benefit both companies’ growth plans.” 
 
This partnership succeeds the opening of OW Bunker’s office in Cartagena this past January, and builds upon its presence in the Latin America region, including physical distribution and marketing operations in Panama, Uruguay and Brazil as well as a Chile-based sales office.
 
Headquartered in the Port of Cartagena, Petrocosta has a fleet of five distribution vessels; Marinse I 1,200MT, Pontomar 47 900 MT, Petrocosta I 300 MT, Petrocosta II 650 MT for IFO and 200 MT for MGO, and floating storage vessel Statia 8500 MT. Each vessel has been configured for safe and efficient delivery in port and at outer port limits. Petrocosta utilizes local refineries and independent oil fields as the resource all fuel. Straight run fuel is transported to the company’s floating storage unit for blending and processing according to ISO regulations. All products are independently tested and verified before delivery to customers, conforming to OW Bunker’s Global Quality Standard. 
 
Antonio H. Reinoso, Petrocosta Comercial Director, commented: “OW Bunker has access to a global customer network, as well as the financial strength to help facilitate our market growth, especially as there is potential to increase our reach across Colombia’s northern coast. With over 15 years experience in the marine fuels market, we are proud to have a partner with such strong brand recognition, operational expertise as well as a range of value-added services. Through this agreement, we will create a stronger, more flexible marine fuel supply chain for our customers in Colombia.”
Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

NAVCENT Commander Recognizes Journey of Hope Sailors

Commander, U.S. Naval Forces Central Command, U.S. 5th Fleet, Combined Maritime Forces, Vice Adm. John. W. Miller, recognized the accomplishments of three special-needs sailors from the Kuwaiti ship,

NYK Holds 8th Environmental Management Conference

NYK welcomed about 60 environmental supervisors from 47 NYK Group companies to the group’s annual Environmental Management Conference in Tokyo. NYK holds this

W&O, LESER Partner to Deliver Safety Relief Valves

W&O, a global supplier to the marine and upstream oil and gas markets for pipe, valves and fittings, valve automation and engineered solutions, has partnered with

Contracts

Diana Extends Containership Time Charters

Diana Containerships Inc. announced direct continuation of time charter agreements for m/v Cap Domingo and m/v Cap Doukato   Diana Containerships Inc., a global

BMT Supports Samalaju Port Development

BMT subsidiaries in the Asia-Pacific region have been awarded a contract to provide design expertise for an advanced bulk-material handling system for the emerging port of Samalaju in East Malaysia.

EU: Ships Will Measure CO2 Emissions

Shippers to begin monitoring from 2018; Environmental groups say law is weak, shippers favorable. The shipping sector will for the first time have to monitor

Tanker Trends

MHI Completes Development of "Sayaringo STaGE"

Mitsubishi Heavy Industries, Ltd. (MHI) has completed development of the "Sayaringo STaGE," a next-generation LNG (liquefied natural gas) carrier. The Sayaringo

New Company Takes Over OW Tanker

OW Tanker, a unit of bankrupt OW Bunker and owner of its marine fuel supply ships, has been taken over by a newly-created company, the fleet manager told Reuters on Wednesday.

Stena Bulk Joins World Ocean Council

Stena Bulk reports it is the first Swedish shipping company to join the World Ocean Council (WOC), a global organization that converges a diverse range of maritime

Finance

New Company Takes Over OW Tanker

OW Tanker, a unit of bankrupt OW Bunker and owner of its marine fuel supply ships, has been taken over by a newly-created company, the fleet manager told Reuters on Wednesday.

WRRDA: Clearing the Channel for P3 Projects

A Creative Combination for Financing Inland Waterways Infrastructure Earlier this year, the U.S. maritime industry in general, and the inland waterways industry in particular,

Choosing the Best Financing Proposal

It isn’t always about the rate. In a robust boatbuilding market – like the one we see now – even the most successful, financially stable operators need to borrow.

Fuels & Lubes

New Company Takes Over OW Tanker

OW Tanker, a unit of bankrupt OW Bunker and owner of its marine fuel supply ships, has been taken over by a newly-created company, the fleet manager told Reuters on Wednesday.

MSC Approves SOLAS Amendments

SOLAS amendments to make IGF Code mandatory approved by Maritime Safety Committee   The International Maritime Organization’s (IMO) Maritime Safety Committee (MSC),

WRRDA: Clearing the Channel for P3 Projects

A Creative Combination for Financing Inland Waterways Infrastructure Earlier this year, the U.S. maritime industry in general, and the inland waterways industry in particular,

Logistics

Gazprom to Partner Turkey to Supply Gas

Moscow hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Taner Yildiz, Minister of Energy and Natural Resources of the Republic of Turkey.

Fednav Celebrates Anniversary Trio in Cleveland

Fednav Limited held a reception on board one of its vessels, the Federal Mayumi, at the Port of Cleveland yesterday to celebrate a trio of anniversaries: the 70th

Night Moves on America's Waterways

Overnight operations are certainly not unusual on America’s inland waterways, but that doesn’t make them any less hazardous. Onboard activities that seem so straightforward

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators
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: 0.2034 sec (5 req/sec)