OW Bunker Delivers Significant Time Savings

By Michelle Howard
Wednesday, September 03, 2014
Photo courtesy of OW Bunker

Time of bunkering process significantly reduced providing savings of thousands of dollars per day.


OW Bunker has announced significant efficiency benefits following the commencement of distributing fuel oil with an MPA-approved (Maritime and Port Authority of Singapore) Coriolis Flow Meter on-board its latest barge in Singapore, Marine Noel.  The time to supply bunkers, which normally takes between seven and eight hours has been reduced by 50% by using the Coriolis Flow Meter, providing customers with significant time, and therefore, cost savings.

Sinanju Tankers Pte Ltd installed the MPA-approved Coriolis Flow Meter on Marine Noel, a 2012-built, 4,700 DWT barge in June 2014.  OW Bunker has found that in the two months since distribution started, significant efficiency benefits have been achieved.  This includes removing potentially problematic manual processes and human error; ensuring any inefficient levels of air entrapment can immediately be detected and dealt with; delivering unparalleled transparency and accuracy, which eliminates disputes and claims and the additional time associated with this.  The company has found that the bunkering process for the distribution of a typical 1,000 mts (metric tonnes) stem, which normally takes between seven and eight hours, has been halved to three to four hours.

“Reducing the time to bunker by 50% provides our customers with significant time and cost savings,” said Søren Christian Meyer, Vice President – Physical Distribution, OW Bunker.

“For example, a one year time charter for a VLCC, which has an average day rate of about US$24,000 will save up to US$4,000 in terms of time when bunkering with a Coriolis Flow Meter.  That’s a significant amount in any market, and highlights the positive impact that marine fuel distributors can have on driving efficiencies into our customers’ operations.”

 

 

OW Bunker has pioneered the use of Coriolis Flow Meters on its global fleet for many years to ensure customers receive the quantity of product that they order.  This is part of OW Bunker’s strategy to expand and deliver real value for its customers from its physical distribution operations on a global basis.



 

 

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Sea Star Line: Equipment Replacement Plan on Track

Company Receives New Refrigerated Containers and Places Order for New Genset Equipment   Sea Star Line, LLC began receiving the first of its new 100 40’ and 45’

October Imports up 9% at Port of Oakland

Containerized imports shipped through the Port of Oakland were up 9.17% in October from a year ago, the port said, citing the surge as the biggest jump in import cargo volume in six months.

Atteridge Retires from Furuno USA

After 30 years of service to Furuno USA, Inc., Jim Atteridge is retiring as President and assuming a new role, as Director and Corporate Advisor. Effective December 1,

Finance

Cost to Fuel Ships Falls

For a ship that burns 24 tonnes of fuel per day while steaming, fuel costs are reduced by as much as $1 million a year if current price level stay put. Assuming

Asia Tanker, VLCC Rates Could Climb

Charterers to release 30 Middle East VLCC cargoes next week. VLCC market buoyed by upbeat Suezmax, Aframax sectors. Rates for very large crude carriers (VLCCs)

Belgian Strike to Impact Antwerp Port

A strike in parts of Belgium on Monday is expected to disrupt rail services and one of Europe's largest ports as trade unions and workers voice their anger over

Energy

Venezuela Ships First Crude Mixed with Algerian Oil to China

Venezuela is sending its first shipment of crude mixed with Algerian light oil to China, according to state oil company PDVSA and traders.   Venezuela recently

Update: Explosion in the Gulf of Mexico

An explosion occurred aboard a production platform Thursday at West Delta 105, operated by Fieldwood Energy, resulting in one fatality and three injured. The Bureau

New Tidal Wave Energy Device Completes Sea Trials

In the continuing quest to harvest efficient, renewable energy from the power of the world’s tides, an organization called Sustainable Marine Energy’s announced

Fuels & Lubes

Environmental Groups: IMO Polar Code Too Weak

The International Maritime Organization (IMO) today adopted the Polar Code aimed at regulating shipping in Polar Regions. Several environmental groups have criticized

Cost to Fuel Ships Falls

For a ship that burns 24 tonnes of fuel per day while steaming, fuel costs are reduced by as much as $1 million a year if current price level stay put. Assuming

Belgian Strike to Impact Antwerp Port

A strike in parts of Belgium on Monday is expected to disrupt rail services and one of Europe's largest ports as trade unions and workers voice their anger over

News

Sea Star Line: Equipment Replacement Plan on Track

Company Receives New Refrigerated Containers and Places Order for New Genset Equipment   Sea Star Line, LLC began receiving the first of its new 100 40’ and 45’

Venezuela Ships First Crude Mixed with Algerian Oil to China

Venezuela is sending its first shipment of crude mixed with Algerian light oil to China, according to state oil company PDVSA and traders.   Venezuela recently

October Imports up 9% at Port of Oakland

Containerized imports shipped through the Port of Oakland were up 9.17% in October from a year ago, the port said, citing the surge as the biggest jump in import cargo volume in six months.

Vessels

Bouchard Vessels Honored by SCA

Forty-three Bouchard Transportation Co., Inc. vessels have been honored by The Chamber of Shipping America (CSA) with Certificates of Environmental Achievement.

Cost to Fuel Ships Falls

For a ship that burns 24 tonnes of fuel per day while steaming, fuel costs are reduced by as much as $1 million a year if current price level stay put. Assuming

Video: Reefer RoRo Ship Design Rebooted

Expanding on the Reefer RoRo Ship design release in September last year, naval architects group Knud E. Hansen A/S has continued the development of the new Reefer RoRo Ship design with version II.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Pipelines Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
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: 0.3663 sec (3 req/sec)