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AISSOT Bunkers expands operations to Egypt

07 Sep 2018

Dubai-based Al-Iraqia Shipping Services & Oil Trading (AISSOT) has received a bunker license to operate in Suez Canal / Egyptian Territorial Waters, it says.

It has partnered with local Egyptian Company OMS Energy who have been authorised by Nile Oil Company, a firm under the Ministry of Oil, Egypt, to commence physical bunker supplies at SUMED berth and Egyptian Territorial Waters.

“AISSOT will handle the entire supply chain logistics and marketing of bunker fuels under this arrangement,” it notes.

“AISSOT has already mobilised bunker barges and a floating storage and expect to commence physical supplies of RMG 2010 specifications and Low Sulphur Gasoil by the end September 2018.”

According to the company, about 1,200 ships cross Suez Canal every month; these vessels encounter a waiting period of between 12 to 18 hours to cross the channel, which provides a good opportunity for the ships to bunker.

“Currently vessels transiting Suez Canal struggle to obtain bunker fuels at competitive price in the region. Long haul ships must divert to nearby ports to obtain bunkers that too at very high prices,” it explains.

“At times long haul ships carry huge quantity of bunkers thereby reducing their freight earning tonnage. With availability of bunkers at Suez, shipowners can maximise cargo and top-up at Suez on their onward voyage.

“This is in line with Egyptian Oil Ministry’s vision to strengthen activities in the field of bunkering, shipping, marine services, and oil trading at Suez Canal which in turn will bring additional revenue and generate employment for the country.”

AISSOT, meanwhile, says its bunker supply barge is SIRE approved and accepted by almost all oil majors. Its bunker fuel meets ISO:8217-2010 specifications and all fuel deliveries are conducted as per MARPOL guidelines.

Photo credit: Al-Iraqia Shipping Services & Oil Trading
Published: 7 September, 2018

 

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