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Bunker One and Red Sea Bunkering in new partnership for North Africa region expansion

‘Alliance will benefit the entire industry and help grow Djibouti,’ says Chairman of Red Sea Bunkering, Djibouti ports and Free Zones Authorities, Aboubaker Omar Hadi.
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International bunkering firm Bunker One on Wednesday (13 October) said it has entered into a partnership with Djibouti-based Red Sea Bunkering to create a competitive bunker alternative to other locations in and around the North African region. 

By combining the synergies of Red Sea Bunkering’s many years of operational experience in Djibouti and Bunker One’s worldwide experience and solid supply chain, both companies are determined to solidify Djibouti into one of the main bunkering locations on the trade route.

“This commercial alliance will increase the competitiveness and growth of Red Sea Bunkering in the region and will offer its customers a worldwide solution with the global connection of Bunker One,” says George Vettori, CEO of Red Sea Bunkering.

At Bunker One the newly struck alliance between the two companies is seen as the first step on the path to a long and fruitful partnership, it said.

“We are extremely pleased about this alliance between Red Sea Bunkering and Bunker One. Together we will be able to ensure the full supply chain from blending, freighting, hedging, storing, and delivering products to our clients in Djibouti on the prompt and in the future with the coming transitions in the bunker space. With this alliance we aim to position Djibouti as a key regional bunker hub for all ships calling and passing Djibouti for years to come,” says Mads Uldal Borggaard, Managing Director of Bunker One, Africa.

Bunker Supplies to Bolster and Develop the Djibouti Region

The bunker barges MT RED SEA 1, and MT VER will perform the bunkering supplies. Both barges are fully equipped for bunkering operations, meeting the highest industry standards. Together with MT GSS, floating storage of 80,000 DWT in Djibouti, Bunker One and Red Sea Bunkering can serve its clients with a compliant, stable and competitive flow of products.

The new alliance will benefit the entire industry and help grow Djibouti according to the Chairman of Red Sea Bunkering and Djibouti ports and Free Zones Authorities, Aboubaker Omar Hadi:

“We are delighted with the alliance between Red Sea bunkering and Bunker One, which goes hand in hand with our vision of making Djibouti the main bunkering hub of the region.”

With the new partnership VLSFO Very low sulphur fuel oil, HSFO high sulphur fuel oil and MGO marine gas oil will be available in Djibouti. All products will meet ISO 2010 specifications.

 

Photo credit: Bunker One
Published: 14 October, 2021

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Business

Singapore: Notice of intended dividend issued for Parakou Shipping Pte Ltd

Creditors of the company will have to submit proof of debt to the liquidators of Parakou Shipping by 17 June, according to Government Gazette notice.
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A notice to declare the intended dividend of Parakou Shipping Pte Ltd to its creditors has been posted on the Government Gazette on Wednesday (3 June).

The following are the details of the notice of intended dividend:

Name of Company : Parakou Shipping Pte Ltd (In Creditors’ Voluntary Liquidation)
Address of Registered Office : c/o KordaMentha, 50 Raffles Place, 25-01 Singapore Land Tower, Singapore 048623
Last Day of Receiving Proofs (if not already lodged): 17 June 2026
Name of Liquidator : Cameron Duncan
Address : c/o KordaMentha Pte Ltd, 50 Raffles Place, #25-01 Singapore Land Tower, Singapore 048623

 

Photo credit: steve pb from Pixabay
Published: 25 May, 2026

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LNG Bunkering

Chinese firms form pact for 20,000 cbm LNG bunkering vessel project

CM Energy Tech, Seacon Shipping Group and China Merchants Heavy Industry (Jiangsu) signed a joint venture agreement for 1+1 20,000 cubic meter LNG bunkering vessels.

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CM Energy Tech Co Ltd, Seacon Shipping Group Holdings Limited and China Merchants Heavy Industry (Jiangsu) Co Ltd on Tuesday (26 May) signed a joint venture agreement for the construction of 1+1 20,000 cubic meter liquefied natural gas (LNG) bunkering vessels. 

The parties also signed a shipbuilding contract for the first vessel, which will be constructed by China Merchants Heavy Industry.

The project combines CM Energy Tech’s access to the China Merchants Group ecosystem, Seacon Shipping Group’s expertise in ship management and operations, and China Merchants Heavy Industry’s shipbuilding capabilities. The partners said the initiative is intended to address the shortage of large-capacity LNG bunkering vessels in the Chinese market.

The newbuild LNG bunkering vessel will feature dual C-type independent cargo tanks and is designed with a boil-off rate of just 0.16% per day. It will also be capable of delivering LNG at a bunkering rate of up to 2,000 cbm per hour, enabling efficient refuelling of large LNG-fuelled vessels.

The vessel will be powered by Wärtsilä dual-fuel engines and will comply with IMO Tier III emissions requirements. The first vessel is scheduled for delivery in 2028.

The three companies said they plan to further expand cooperation across the LNG value chain, strengthen their presence in the marine energy sector and provide customers with integrated LNG bunkering services focused on safety, operational efficiency and lower carbon emissions.

 

Photo credit: David Yu from Pixabay
Published: 5 June, 2026

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Methanol

India’s Agastya inks green methanol offtake agreement with SAR Group

Agastya Green Fuels and SAR Group will work together to enable green methanol storage, bunkering, and marine fuel infrastructure across Sri Lanka.
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India’s clean energy conglomerate Agastya Group on Wednesday (3 June) said Agastya Green Fuels signed a long-term green methanol offtake agreement with Sri Lankan bunker supplier SAR Maritime Agencies, a SAR Group company, for the supply of 250,000 metric tonnes (mt) per annum of EU RFNBO RED III Compliant green methanol.

Agastya said the agreement establishes one of the largest green methanol supply partnerships in the Indian Ocean Region and marked a major step toward creating a new green maritime energy corridor connecting India and Sri Lanka.

The green methanol will be supplied from the Agastya Green Fuels Hub at Mulapeta Port, Andhra Pradesh, India, where Agastya is developing a green methanol export-oriented facility with a planned investment of USD 6 billion over the next six years. The facility is expected to produce 1 million mt per annum. 

“Through this partnership, Agastya Green Fuels and SAR Group will work together to enable green methanol storage, bunkering, and marine fuel infrastructure across Sri Lanka, positioning Colombo, Hambantota, and Trincomalee as future clean-fuel hubs for global shipping,” the company said in a social media post. 

“The Indian Ocean is emerging as the world’s next green fuel corridor. Agastya Green Fuels intends to be at its center,” said Shashi K Reddy Arjula, Founder and Group CEO of Agastya. 

 

Photo credit: CHUTTERSNAP on Unsplash
Published: 25 May, 2026

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