Cargill, Maersk Tankers Launch Bunker Procurement Service
Cargill and Maersk Tankers are aiming to unlock more competitive and transparent bunker pricing and improved customer service through a new strategic partnership combining their bunker volumes, offering a new bunker procurement service to tramp shipping companies and trading houses. The initial goal is to procure bunker fuel for Cargill and Maersk Tankers’ combined fleet, while aiming to attract additional customers in the coming months. The service will leverage Cargill’s in-house bunker expertise and Maersk Tankers’ commercial and operational capabilities and will launch on April 1…
First S-to-S LNG Transfer in Singapore
Singapore's state-owned Pavilion Energy has performed the first commercial ship-to-ship LNG bunkering in the Port of Singapore.The operation, the first of such in Singapore, comprised a reload of 2,000m3 of LNG onto a small-scale tanker at the newly-modified Secondary Jetty of the Singapore LNG (SLNG) Terminal, followed by a ship-to-ship transfer to the receiving heavy-lift commercial vessel.“Pavilion Energy’s first commercial ship-to-ship LNG bunkering operations in Singapore demonstrates our strong commitment and capability to deliver a comprehensive suite of LNG bunker supply solutions to Singapore and the region,” said Frédéric H.
ExxonMobil Joins with Eagle LNG, Crowley on LNG Marine Fueling
ExxonMobil, Eagle LNG Partners LLC (Eagle LNG Partners) and Crowley have signed an agreement to collaborate on the development of LNG as a marine fuel. The goal is to establish the storage and technical support necessary to provide safe, reliable LNG delivery for vessel operators bunkering in North America. The three companies signed a Memorandum of Understanding (MoU) on June 27, 2017. The parties will initially focus their efforts in Florida before expanding to other North American markets. ExxonMobil will provide its technical support and expertise to help the parties carry out safe bunkering operations and sell LNG bunker fuel to vessel operators.
Oil’s Downward Spiral Stalls LNG’s Ascent
As industry embraces gas, emissions regulations loom large and bunker logistics options develop, LNG’s fortunes nevertheless get a boost. For every gleeful consumer at the pump, and stockpiling tanker anchored offshore, there’s a corresponding trail of businesses that are struggling to ride out the worst price drop in crude since the mid-1980s. As oil giants slash CapEx, Halliburton and other industry players layoff thousands and record numbers of oil rigs go offline, less obvious is the impact of the latest oil market blow out on the growth of liquefied natural gas (LNG).
Teekay Implements Bunker Procurement Software
Bunker Logistics, a provider of bunker procurement software, announced the successful implementation of its BunkerDashboard Bunker Procurement Software at Teekay Shipping Corporation. By automating the procurement process and integrating it with robust tools, the solution helps users and distributed teams improved their knowledge base, collaborative efforts, productivity and performance. Additionally, the BunkerDashboard helps in supplier management, claim monitoring, improving reporting and trending while adding data integrity and security. “The industry is changing – higher prices, more regulations, lesser quality of fuel, environmental concerns all combine to make it more important to implement a solution to help manage and measure bunker purchases and performance, said Mitchell J.
