Singapore-based TFG Marine Pte Ltd, a joint venture between Trafigura, Frontline Ltd. and Golden Ocean Group Limited, on Wednesday (1 April) appointed Anders Gronborg as its Chief Executive to oversee expansion efforts, according to Reuters.
Gronborg is joining Trafigura after 27 years in various roles at World Fuel Services, the most recent being global head of marine fuel supplies in 2018.
TFG Marine was formed on 13 August 2019 between Trafigura, Frontline Ltd. and Golden Ocean Group Limited, to establish a global supplier of marine fuels.
During its incorporation, it was decided that Frontline and Golden Ocean will respectively acquire 15% and 10% interests in the joint venture company, while Trafigura will contribute its existing physical bunkering activities to the new entity.
Photo credit: Swanil Bapat
Published: 2 April, 2020
IBIA Asia, ABIS, sources from Singapore’s bunkering and surveying companies, and an industry veteran share with Manifold Times the issues expected from MPA’s latest Covid-19 measures.
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
3,490 mt of LSFO from Itochu Enex was lifted at Universal Terminal; the same bunker stem was bought by Global Marine Logistics and delivered by bunker tanker Juma to receiving vessel Kirana Nawa.