Connect with us

Business

Italy: Societa Anonima Raffinerie Sarde starts Cagliari bunkering ops

Refiner completes heaviest part of scheduled refinery maintenance programme in preparation for IMO 2020.

Admin

Published

on

5d49008064b78 1565065344

Italian refiner Societa Anonima Raffinerie Sarde (SARAS) will be commencing bunkering operation at the Cagliari area from August onwards, it stated in the company’s second quarter (Q2) financial report.

The group posted net result of EUR 28.2 million (US $31.65 million) in Q2 2019, 52% lesser than net result of EUR 58.9 million in Q2 2018.

Revenue was EUR 2.59 billion during Q2 2019, 18% lower than revenue of EUR 3.17 billion recorded in Q2 2018.

SARAS has completed the heaviest part of a scheduled maintenance programme for its refinery in the first half of the year and is “ready to seize the opportunities deriving from the new IMO regulation”, it says.

Experts have also indicated a robust crack spread in the middle distillates market to further strengthen in the second half of the year when the effects of IMO 2020 start to emerge, in particular in the fourth quarter in conjunction with the preparation of the bunkering global supply logistics for the new legislation.

Moving forward, SARAS is expecting higher refining margins in the second half of the year partly due to IMO 2020, states Chairman Massimo Moratti.

“The results of the first half were influenced by the great volatility of the oil market, high prices of heavy crude and by a significant planned maintenance cycle that we have completed successfully and on time,” he says.

“We are ready, starting from the second half of the year, to fully benefit from a scenario that is expected to be more favourable, also thanks to improving refining margins and the first effects of the IMO legislation that will come into force on 1st January 2020, resulting in positive market conditions for high-conversion and integrated refineries like ours.

“We are proceeding swiftly in the implementation of the business plan: we sold service stations in Spain to Kuwait Petroleum on 25 July. We have obtained all the authorizations and we will soon start the direct sale of bunker fuels in the Cagliari area. We are also installing 9 new turbines at the Ulassai wind farm to expand its capacity by 30 MW, increasing our presence in renewable sources.”

Photo credit: Societa Anonima Raffinerie Sarde
Published: 6 August, 2019

 

Continue Reading

Business

Hong Kong-based bunker trading firm E-Marine expands ops with new Shanghai branch office

The HONG KONG E-MARINE SHANGHAI BRANCH will assist E-Marine’s head office in handling bunker trading operations and increase overall bonded bunker trading volumes at China.

Admin

Published

on

By

E Marine Shanghai office front

Hong Kong-based marine fuel and lubricant trading company Hongkong E-Marine Supply Service Corporation Limited (E-Marine) on April 15 launched a branch office in Shanghai, learned Manifold Times.

The company HONG KONG E-MARINE SHANGHAI BRANCH will assist the head office in handling bunker trading operations and increase overall bonded bunker trading volumes at China, Managing Director Darcy Wang told the bunkering publication.

“The Shanghai office serves as our China business support and coordination centre. It enables us to stay close to our customers, suppliers and business partners, while also providing access to a deep pool of industry talent,” he shared.

This development is in line the target to significantly increase our annual bonded bunkering portfolio in China to 1 million metric tonnes (mt) by 2030.

“As we continue to expand our presence in China, we welcome capable and motivated individuals who share our long-term vision to join our Shanghai office.”

E-Marine’s new Shanghai office address is as follows:

Shanghai Xuhui District
Chang Ning Road No.889
Shanghai Yang Guang Bin Jiang Center
Unit 22-13

Candidates interested in growing together with E-Marine are invited to send their CV or profile to [email protected].

E Marine Shanghai office tea cups

Related: E-Marine raising China bonded bunker trading portfolio to 1 million mt by 2030, seeks talents
RelatedHong Kong-based bunker trading firm E-Marine obtains ISCC EU certification
RelatedHong Kong-based bunker trading firm E-Marine introduces Global Sales & Procurement Manager
RelatedHong Kong-based bunker trading firm E-Marine expands operations with Singapore branch
RelatedBunker and lube trading firm Hongkong E-Marine Supply Service to open Singapore branch by June

 

Photo credit: Manifold Times
Published: 4 June 2026

Continue Reading

Biofuel

BHP and GCMD trial multi-feedstock B100 bio bunker fuel on bulk carrier

Bio-blend in the BHP and GCMD pilot is being used on a BHP-chartered bulk carrier “Berge Lyngor”, which was bunkered in Singapore in early May.

Admin

Published

on

By

BHP and GCMD trial multi-feedstock B100 bio bunker fuel on bulk carrier

BHP and the Global Centre for Maritime Decarbonisation (GCMD) on Wednesday (3 June) said they have blended biofuels from two distinct feedstocks—used cooking oil and waste animal fats —and introduced the lower-emissions marine fuel into a BHP-chartered bulk carrier as part of a pilot project.

The bio-blend in the BHP and GCMD pilot is being used on a BHP-chartered bulk carrier Berge Lyngor, owned and operated by Berge Bulk, transporting BHP iron ore from Western Australia to China. When run on bio-blend, the vessel has the potential to reduce well-to-wake greenhouse gas emissions by approximately 79 per cent per voyage compared to sailing on very low sulphur fuel oil (VLSFO).

The vessel bunkered in Singapore in early May with a B100 bio-blend comprising 50 percent tallow-derived biodiesel, sourced and supplied by HAMR Energy, and 50 per cent used cooking oil (UCOME) supplied by Mitsui & Co Energy Trading Singapore (METS).

Mitsui also blended the fuel and Dan-Bunkering coordinated and executed the bunkering operation, which was performed by Global Energy’s barge MT Maple.

The BHP and GCMD pilot will assess how biofuels from multiple feedstocks can be blended, handled, and introduced under real-world operating conditions using existing used cooking oil bunkering infrastructure.

At the same time, insights from this pilot will help identify solutions to challenges related to fuel quality, handling, traceability, and onboard vessel performance.

Biofuels for global shipping today rely heavily on used cooking oil – a feedstock whose availability is approaching its projected limits. Biofuel from waste animal fats presents a promising option to expand the supply of lower-emissions marine fuels.

The outcomes of the pilot are expected to shed light on the practical steps to integrate biofuel blends from different feedstocks into existing supply chains. The diversity of biofuels will provide shipowners and operators with greater flexibility to optimise fuel procurement based on cost, availability, and lifecycle emissions performance.

Biofuels derived from different feedstocks can exhibit varying properties that may impact operations, including potential corrosion from oxidation, fuel system clogging caused by wax formation, which this pilot aims to assess.

The pilot will trace and verify the biofuel blend’s integrity aimed at bolstering confidence in emissions reductions reporting. The pilot will also provide insights into how robust tracing can support future marine fuel supply chains where biofuels from multiple feedstocks with varying lifecycle greenhouse gas emissions footprints are blended together.

This project is co-funded by the Maritime and Port Authority of Singapore under the Maritime Innovation and Technology Fund (MINT).

 

Photo credit: Global Centre for Maritime Decarbonisation
Published: 3 June, 2026

Continue Reading

Biofuel

NYK starts one-year B100 bio bunker fuel trial on car carrier

In this trial, NYK will operate a car carrier continuously on B100 for one year to evaluate the impact on engines, fuel supply systems, and operational practices.

Admin

Published

on

By

NYK starts one-year B100 bio bunker fuel trial on car carrier

Japanese shipping firm NYK on Tuesday (2 June) said it has commenced a one-year long-term trial involving the continuous use of 100% biofuel (B100) on an NYK-operated car carrier. 

In this trial, NYK will operate a car carrier continuously on B100 for one year to evaluate the impact on engines, fuel supply systems, and operational practices. High-purity biofuels such as B100 are known to be susceptible to degradation from oxygen, light, and heat, raising concerns about the stability of such fuels during long-term use.

In this trial, the biofuel primarily comprises FAME (Fatty Acid Methyl Ester) derived from used cooking oil and similar feedstocks.

The initiative is designed to evaluate the fuel’s effects on the vessel’s equipment and verify operational safety under real-world conditions. 

Through this effort, NYK seeks to accumulate technical expertise that will support the broader use of high-purity biofuels and further accelerate efforts to reduce greenhouse gas (GHG) emissions.

NYK has been advancing the use of biofuels through various initiatives. In 2024, the company conducted a trial using biofuel blend B24 and subsequently expanded practical usage to B30. However, the company said there remains limited global experience with the long-term continuous use of B100.

“By collecting long-term operational data through this trial, NYK aims to accumulate valuable technical insights to support both the safe operation of vessels and the wider adoption of high-purity biofuels,” it said. 

 

Photo credit: NYK
Published: 3 June, 2026

Continue Reading

Trending