VARO Energy, a refiner, storage and distributer of oil products for the North West European market, acquired German inland and coastal supplier of marine gasoil, diesel and lubricants NWB Nord- und Westdeutsche Bunker GmbH from Bomin Bunker Holding GmbH & Co. KG on 22 December.
The acquisition was conducted through VARO subsidiary Reinplus VanWoerden Bunker GmbH at an undisclosed amount.
The development allows VARO to expand its activities in Northern Germany through the addition of eight bunker locations in Hamburg, Cologne, Minden, Bremen, Passau, Brunsbüttel, Brake and Magdeburg as well as seven barges and two bunker stations.
According to VARO, its total bunkering capacity has increased from 18,000 m3 to 21,000 m3 after the acquisition.
“VARO has developed a fuels value chain across North West Europe over the past several years, which enables us to provide real-time supply to our business clients and consumers across the region,” said Roger Brown, CEO of VARO.
“The assets we are acquiring from Bomin Bunker fit well into our growth strategy and enable us to geographically expand our presence in order to better serve our customers looking to buy bunker fuels or lubricants in Northern Germany.”
Closing of the transaction is expected to take place with the transfer of the 27 employees and NWB’s operational business responsibilities to Reinplus FIWADO during the first quarter of 2018 – subject to the approval of the German competition authorities.
Photo credit: Reinplus VanWoerden Bunker
Published: 4 January, 2018
Study shows electrifying coastal ferries on the Pearl River could eliminate more than 30% of fossil fuel used by the Chinese coastal ferry fleet in February 2019.
As many as sixteen 45,000 bl barges of HSFO traded at US Gulf coast last week; for buyers, purchases may be well-timed for recovery in marine fuel demand.
Company redeploys MT Fredericia to oil terminal at Portland Port to ensure adequate tonnage for customers; accepts offer to assume operation of Skaw terminal.
The amount of bunkers sold at the port totalled 27.59 million mt from January to July, 6.1% down on year.
“There is significant potential for fuel and emissions reduction in Ro-Ro ships as they are normally on fixed routes,” says Senior Vice President of Sales at Corvus.
Still in the process of conducting an investigation of alleged debts to Coastal Oil Singapore, says Cosco.
OctamarTM HF-10 Plus was subjected to tests conducted at a third party lab by SGS Testing and Intertek in Singapore under the supervision of ClassNK earlier this year, according to spokeswoman.
Former Regional Marine Manager of BP Singapore issued penalty of SGD 6 million; he faces an additional 28-month imprisonment term if penalty is not paid, says Judge.
Sing Fuels claiming over total 1,049.29 metric tonnes of 380 centistokes bunker fuel delivered to bulk carrier Lila Shanghai at Port Elizabeth, South Africa in July 2019, according to court documents.
Reserve Stability Number results are ‘questionable’ as almost all additives targeting asphaltene management show effectiveness in the test, says spokesman.
Singfar International partnering Lianyungang Shenghua Shipbuilding to deliver 7,000 dwt DF bunker tankers from 2023 to support decarbonisation of the Singapore maritime industry.
GSM awarded USD 1.85 million as well as SGD 5,800; Judge finds SFM Director ‘ungrateful and dishonest in his dealings with Bernard and the plaintiff,’ according to Court Judgement seen by Manifold Times.
