Physical Distributor News

OW Bunker, a physical distributor and reseller of marine fuels, today announced the launch of its third barge in Singapore. According to the company, the move is part of its strategy to continue the expansion of its physical operation in the region. The vessel also has a Coriolis Flow Meter installed, which has been approved by the Maritime and Port Authority of Singapore (MPA). Marine Noel, operated by Sinanju Tankers Pte Ltd, is a modern, 4,700 DWT barge, built in 2012. The vessel has fast pumping rates and can distribute the full range of quality products to customers.

OW Bunker, a physical distributor and reseller of marine fuels, today announced that it has acquired marine fuel broker Wilhelmsen Marine Fuels, a subsidiary of Norwegian Wilhelmsen Maritime Services, for an undisclosed sum. Wilhelmsen Marine Fuels’ main activity is broking services from offices in Oslo, London and Singapore, servicing customers on a global basis, but with a key presence in Singapore and the ARA-region (Amsterdam, Rotterdam, Antwerp). Executive Vice President, Götz Lehsten, OW Bunker, commented, “Wilhelmsen Marine Fuels has a strong team and an interesting customer base that fits well into OW Bunker’s integrated business model.

The global shipping industry is no stranger to challenge or change. With responsibility for delivering 90% of global trade, it has had to continually demonstrate an ability to adapt. Now, with the implementation of increasingly stringent environmental regulations, which will increase operating costs and alter the dynamic of fuel procurement, the industry will once again need to evolve. In successfully responding to the introduction of the North American Emission Control Area (ECA) in 2012, shipping has jumped a significant hurdle, but this is just the beginning. The bunker market in the U.S.

OW Bunker, a physical distributor and reseller of marine fuels, announced the launch of a physical distribution operation in Australia. The move is part of OW Bunker’s strategy to further expand the company’s global physical distribution presence in key locations for customers, ensuring end-to-end quality in the services and products that it provides. OW Bunker has leased a fuel oil tank in Port Kembla, New South Wales. The company will provide vessels with a full range of products including RMG 380 cSt and RME 180 cSt fuel oil ex-pipe and DMA gas oil by road tanker.

OW Bunker, a reseller and physical distributor of marine fuel, has signed a $700 million revolving credit facility, refinancing its current $450 million facility. The new facility consisting of two tranches, a 364-day and a three-year multicurrency revolving credit facility, was more than 100% oversubscribed by the in total 13 international banks and financial institutions in a syndicate led by ING Bank N.V. OW Bunker sees the over-subscription and the up to three-year commitment as a strong sign of confidence in its business model, including a strong balance sheet consisting primarily of relatively liquid current assets, with 70-75% of accounts receivables typically insured, and a liquid inventory of fuel and gas oil.

Fuel distributor continues global expansion with launch of fifth office in Latin America. OW Bunker, a reseller and physical distributor of marine fuel, announced the launch of a new operation in Cartagena, Colombia. The move into the Colombian bunker market builds upon OW Bunker’s presence across the region with existing offices in Chile, Uruguay, Panama and Brazil. OW Bunker’s Colombia office is located in Cartagena – the country’s most active port - on the region’s northeast coast along the Caribbean Sea.