Tallinn-based bunker and marine lube trading company Arte Bunkering OÜ has expanded operations to Singapore and is scheduled to open its next office at Athens, Greece, according to Arte Bunkering Pte. Ltd. General Manager Nikos Siakavaras.
“We started setting up the Singapore branch between late September to early October and have now commenced trading operations at the world’s largest bunkering hub,” Siakavaras, who is based at the republic, told bunkering publication Manifold Times.
He notes the Singapore office will be handling bunkering requirements for Arte Bunkering’s existing clients stemming bunkers at Asian ports (including China, Taiwan, Malaysia, Japan, South Korea and Singapore).
“The Singapore office was started due to an increasing demand seen by our principal for Asian ports. On top of this, it also serves Arte Bunkering’s clients from the other offices including Greece which has a big shipping market,” shares Siakavaras.
“Additionally, we are in the midst of establishing an Athens office in Greece. The traders are already there and we are scheduled to formally open the office within the current or next month in December.
“Greece has always been one of the biggest markets in shipping and Arte Bunkering is already working with a lot of Greek accounts so it makes strategic sense to have a physical presence there in order to be closer to our customers.
“The idea was to open up the Singapore and Athens office within one to two months of each other so they can mutually support operations; where the Greek office sends over working vessels for the Singapore office to serve.
“The current bunkering market is changing and this has created opportunities for firms such as Arte Bunkering who has reacted to prospects, and is expanding the offering to our customers.”
Arte Bunkering is established in early 2010 and currently operates from Tallinn (Estonia), Hamburg (Germany), Norwalk (Connecticut, U.S.A.), and Singapore. The company aims at trading in excess of 1,000,000 tonnes of bunker fuel in 2021.
Contact details of Nikos Siakavaras are as follows:
Mobile: +65 8938 1555
Photo credit: Manifold Times
Published: 9 November, 2020
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