Physical Supplier News

The International Bunker Industry Association (IBIA) has appointed Alexander Prokopakis as its new Executive Director.Joining the IBIA team on September 1 with Edmund Hughes, the recently appointed IBIA IMO Representative, Prokopakis will be instrumental in navigating the association through the evolving challenges and opportunities in the marine fuel industry.Well-regarded within the IBIA community, he brings a strong background of active association membership. His recent leadership…

Houston-based low sulfur specialists, GCC Bunkers (GCC) has reached a processing agreement with Texas International Terminals to produce IMO 2020 compliant 0.5% sulfur bunker fuel oil.The physical supplier of marine fuels said that the parties would also produce 0.1% ECA specification gasoil in the Houston, Texas area, starting in early 2020.“Our mission from the day we started GCC has been to provide solutions to our customers. Now, more than ever, the marine fuel supply business needs to provide absolute assurance of quality and reliability to its customers, and that is what we intend to do,” said GCC Bunkers’ Commercial Director,…

Bunker One (Gulf of Mexico) SA announced the newest addition to its Offshore US Gulf and Caribbean fleet, M/T Waltz.The physical supplier, that is now one of the largest suppliers in the Caribbean, has commenced operations in Freeport from 1 June.Henceforth, this provides vessels sailing outbound from the US Gulf to Europe, longhaul markets in Asia and elsewhere, a very attractive refueling option.The M/T Waltz will inaugurate Bunker One’s entry as a physical supplier to Freeport Bahamas supplying at Outer anchorage and Freeport Offshore, complementing the already well-established Offshore US Gulf operation with M/T Barbarica.The fully equipped bunkering vessel…

Minerva Bunkering, formerly Aegean Marine Bunkering Network now a fully-owned subsidiary of Mercuria Energy Group, appointed Tyler Baron as the Chief Executive Officer (CEO).Baron will be based in Geneva, and will oversee Minerva’s global business operations across Europe, the Americas and Asia, said a press note from the physical supplier of marine fuels.“Given Tyler’s history with and dedication to the company, as well as his breadth of experience in financial markets and capital allocation, he is the ideal candidate to lead Minerva Bunkering,” said Magid Shenouda, Global Head of Trading at Mercuria.“Through his leadership the new Minerva is positioned for success through a customer centric global platform and dedicated team of employees.

The Bomin Group, a leading global physical supplier and trader of marine fuels, today announced the launch of a new brand identity and website as it positions itself to deliver the company’s next phase of global growth. The shipping industry is experiencing significant change, and the fuel supply chain is becoming increasingly complex. The launch of Bomin’s new brand identity reflects this evolution, and the company’s global position within the market. The new corporate identity also underlines the company’s ethical values, and sustainability as a business, and its commitment to providing fuel supply solutions that are reliable, compliant, and deliver both operational and cost efficiencies.

Gulf Petrochem Group, the UAE based global bunker supplier, has set another milestone in its operations with the first-ever bunker supply by barge at the non-conventional port of Paradip in Odisa, India’s east coast in a joint effort with Indian Oil Corporation Limited (IOCL). Gulf Petrochem arranged for the supply of 810 metric tons of bunker fuel IFO 180 CST by barge. Typically, supplies were made to the non-regular bunker port of Paradip only by Road Tanker Wagons (RTW) and for small volumes.

The Bomin Group, a global physical supplier and trader of marine fuel oil, today reaffirmed its commitment to providing physical bunkering products and services in the Baltic, including Rostock, Germany’s largest Baltic port. In line with the company’s new regional hub structure, Bomin’s Hamburg office will take responsibility for physical operations and infrastructure in the region. Bomin Deutschland is operating two state-of-the-art bunker barges in the Baltic area – MT Bergen Troll and MT Lioba – providing customers with a full range of quality products including MGO DMA 0.1 percent, RMG 380 3.5 percent, RMD 80 0.1 percent, and RME 180 3.5 percent.

Physical supplier and trader of marine fuel oil the Bomin Group is launching a physical operation in Port Louis, Mauritius, effective from July 12, 2016. Bomin (Mauritius) Ltd. will utilize the 2008-build, double-hulled bunker barge MT Hakkasan to provide customers with products, including IFO 180cst, as well as MGO. All deliveries will be provided under a Bomin specific Bunker Delivery Note (BDN). “Port Louis is the only official port of entry and exit for sea vessels in Mauritius, and it is critical that we have a strong physical presence here to support our customers and our global network,” said Jan Christensen, Global Head of Bunker Operations, Bomin Group.

The OW saga - UAE Federal Supreme Court decides that physical suppliers of bunkers have no right to recourse against Owners/Charterers. In the first decision on the issue from the most senior court in the country, the UAE Federal Supreme Court has decided that physical suppliers of bunkers have no right of recourse against Owners/Charterers where there is a contractual sale and purchase chain. The Supreme Court has concluded that there are two separate contracts. One contract…

KPI Bridge Oil, a global trader and broker in marine fuels, marine lubricants and risk management products, has announced that KTB will become a member of the KPI Bridge Oil Group as of June 1, 2016. The merger comes a year after the group’s acquisition of Denmark based Trumf Bunker which recently became a fully fledged physical supplier and the establishment of a new office in Greece in December. Minah Kim, Managing Director of KPI Bridge Oil South Korea said, “We are extremely pleased to join the KPI Bridge Oil group.

The Bomin Group, a global physical supplier and trader of marine fuel oil, has announced that it is launching a physical operation in Copenhagen, Denmark. The expansion is in line with the company’s ambitious plans for growth throughout 2015. The Copenhagen operations complement Bomin’s existing physical network in the Baltic Sea region, including Tallinn, Stockholm and Rostock. “Securing supply in key markets for our customers is an important part of the growth strategy for the Baltic region”, said Anatoli Belov, Managing Director Bomin Baltic. “Our physical offering enables us to take more control of the bunkering process, ensuring that customers are provided with quality products and at the right quantity…

OW Bunker, a reseller and physical supplier of marine fuels, announced the appointment of Georgia Kounalakis to its physical supply operation in North America. Kounalakis joins the region’s senior team to take on responsibility for business development and help to drive further sales growth across North America, in line with the company’s global expansion strategy. Kounalakis joins OW Bunker North America from Aegean Marine Petroleum Inc, where she most recently held the position of General Manager – Americas.

Oleum DWC-LLC is a new physical supplier focussing on supply of marine fuel and gas-oil offshore the West African coastline. All products; 380 cst, 180 cst and MGO are meeting full ISO:2010 specifications. “We will be operating a 'one-stop-shop' and we have full control of the entire supply chain. Oleum will control every aspect of the operation, from the sourcing and loading of our cargo to the actual delivery to the end user. Cargo is directly sourced from oil majors and transported in Major vetted tonnage to ensure that the quality will never be compromised…

CEPSA Panamá, consolidated as physical supplier of marine fuel at both sides of the Panama Canal, set up a new barge at the port of Cristobal. The Panabunker-Once started operations Jan. 22 2009. The barge supplies the container terminal of Port of Manzanillo, all other port terminals along the Atlantic sector and the anchorage area of Port of Cristobal. The Panabunker-Once is a double-hull barge. This new acquisition, together with the Panabunker-Diez and the Panabunker-Uno at the Pacific coast, represent a total of 11,000 MT of marine fuel supply capacity.

Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced it has entered into an agreement to acquire Verbeke Bunkering N.V., a physical supplier of marine fuel in the Antwerp-Rotterdam-Amsterdam (ARA) region, the world's second largest bunkering market. The acquisition, which is subject to the completion of detailed documentation, is scheduled to close by the end of the first quarter of 2010. Verbeke Bunkering is majority owned by the fourth generation of the Verbeke family, which has an operating history of more than 100 years initially in shipping and subsequently in bunkering. As a physical supplier, Verbeke Bunkering covers the entire ARA region, including key ports surrounding Antwerp, Rotterdam and Amsterdam such as Ghent, Zeebruges, Flushing, Terneuzen, and Sluiskil.

Marine Petroleum Network Inc. (NYSE:ANW) announced that it has named George J. Konomos to its Board of Directors. With the appointment of Mr. Konomos, who will serve as Chairman of the Company's Audit Committee, Aegean will have a total of seven Directors, of which the majority remain independent. Mr. Konomos, 69, has approximately 35 years of financial experience. Currently, he is a Senior Advisor with Latigo Partners L.P., an alternative asset manager and serves on the Board of Directors for General Maritime Corporation. From 2000 to 2005, Mr. Konomos was the Co-Portfolio Manager at Mellon-HBV Rediscovered Opportunities Fund. Mr. Konomos' experience prior to joining Mellon-HBV includes 11 years as an Investment Manager at Baker Nye Investments…

Aegean Marine Petroleum Network Inc. announced that the company's President, E. Nikolas Tavlarios, is scheduled to present at the Stephens Fall Investment Conference in New York on Tuesday, November 18, 2008 at 10:00 a.m. ET. The presentation will be broadcast live over the Internet and can be accessed at http://www.wsw.com/webcast/stph9/anw/. Aegean Marine Petroleum Network Inc. is an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea. As a physical supplier, the company purchases marine fuel from refineries, major oil producers and other sources.

Fratelli Cosulich has taken a further step in its strategy to become a fully fledged physical bunker supplier controlling the whole chain by taking delivery of the third of its new high capacity bunker tankers. The 6,500 dwt Emma Cosulich was delivered last week from China's Sopo shipyard at Zhengjiang and follows two similar vessels, the Maria Cosulich and the Teresa Cosulich, which are currently operating in the port of Singapore as bunker barges. Investment in the barges was the first step in extending control of the bunker chain. Currently Fratelli Cosulich is negotiating storage facilities in Singapore and plans to buy full cargoes of bunker fuel from Middle East producers.

Chemoil Corporation will soon start supplying bunkers in the Panama Canal. Chemoil plans to be a physical supplier in both Cristobal and Balboa by the middle of March, 2003. Further details of this new operation will be available at the beginning of March.