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Bunker One accuses rival of unfair competition with Russian oil

The supplier has raised concerns at a meeting with authorities about ”unfair competitive advantages” in Danish waters. The company denies the allegations.

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Bunker One

The following article on Manifold Times was originally written by Danish independent online media ShippingWatch; which has given the Singapore bunkering publication permission to post the article for its readers:

BY PETER THOMSEN, LIV ALMER, METTE GRUBE CONDRUP
Published: 3 April 2024

Latvian Fast Bunkering has been accused by Bunker One of engaging in unfair competition because the Latvian oil company has apparently been supplying ships with Russian bunker oil in the waters off Skagen in Denmark for months.

Bunker One made the accusation at a closed meeting with the Danish Transport Authority in November, according to documents which ShippingWatch has gained.

”This (the supply of Russian bunker oil, ed.) gives them an unfair competitive advantage over the many companies that do not trade with Russian bunker oil – and that this option should be stopped, ” the Danish Transport Authority summarizes in a report to the Ministry of Foreign Affairs.

Both Russian fuel and the ongoing servicing of tankers with Russian oil have long been a point of contention among several of the suppliers active at Reden near Skagen.

As one of the key operators, Bunker One itself has refused to supply Russian oil, claiming that it could damage the company’s reputation.

Chief executive Peter Zachariassen tells ShippingWatch that ”Bunker One does not generally relate to other suppliers’ behavior in the market” and therefore chooses not to comment on the accusations.

Fast Bunkering initially did not respond to ShippingWatch’s inquiries, but has returned after the publication of this article.

The company denies having been ”involved in the delivery of Russian marine fuel at Skagen (Red, ed.) for months and that it gives our company an unfair advantage”.

“These allegations are not true, ” writes chairmain Aleksei Volkov in a written comment to ShippingWatch.

He also emphasizes that the Latvian bunker company’s operations have not involved the import of Russian bunker oil since the area became subject to sanctions in February 2023.

“We have conducted our business within the Scandinavian bunker market under fair and competitive conditions,” Volkov writes.

In short, the oil trade has been considered among the primary revenue streams funding the Russian war effort in the country, which according to recent casualty figures has cost the lives of 31,000 Ukrainian soldiers.

The central role of trade in the Russian economy has meant that since the end of 2022, the sale of Russian crude oil as well as petroleum products has been subject to sanctions and price caps to curb Russian energy export cash flows.

However, the increasing pressure of sanctions over the past year has sent the shipping industry into a sea of gray areas when it comes to transporting and servicing the continued oil trade on European territory.

The issue has previously divided the Danish industry, with some suppliers refusing to sell fuel to ships traveling to and from Russia – even if they comply with all sanctions – while others have sent the decision to set the trade fenceposts to Christiansborg and others.

Trading is ”certainly legal”

In its warnings to the Danish Transport Authority, Bunker One has emphasized that Fast Bunker’s deliveries have only affected competition, but not necessarily illegal in relation to, for example, sanctions against Russia. According to the report to the agency, the Middelfart-based bunker company emphasized that the transaction ”is certainly legal”.

In practice, Bunker One is one of the subsidiaries of the United Shipping & Trading Company group (USTC) owned by billionaire Torben Østergaard, just like Dan Bunkering, for example.

“In December 2023, the Danish Transport Authority received a confirmation from Bunker One about their view on the case,” the agency writes in a written comment and adds:

“The Danish Transport Agency has not itself been in contact with Fast Bunkering about the case, as the agency is only the competent authority in relation to the ban on Russian ships calling at Danish ports.”

The Danish Competition and Consumer Authority states that it does not comment on “any pending cases until a decision has been made”. The agency does not wish to comment on whether the specific case is under consideration.

Bunker One: Not our policy

At Bunker One, CEO Peter Zachariassen does not comment on whether Fast Bunkering, in the company’s view, is currently gaining an unfair competitive advantage.

In the comment sent to ShippingWatch, the CEO does not reject the Danish Transport Authority’s interpretation of the contact between the Danish bunker operator and the authorities, but distances himself from the process.

“That employees at a meeting with the Danish Transport Authority, in connection with knowledge sharing about expectations for future bunkering of green fuels and the importance for Danish commercial ports, have inadvertently mentioned other suppliers, is not Bunker One’s policy or position,” writes Peter Zachariassen in a written comment.

 

Photo credit: Bunker One
Source: ShippingWatch
Published: 9 May 2024

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Biofuel

BHP and GCMD trial multi-feedstock B100 bio bunker fuel on bulk carrier

Bio-blend in the BHP and GCMD pilot is being used on a BHP-chartered bulk carrier “Berge Lyngor”, which was bunkered in Singapore in early May.

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BHP and GCMD trial multi-feedstock B100 bio bunker fuel on bulk carrier

BHP and the Global Centre for Maritime Decarbonisation (GCMD) on Wednesday (3 June) said they have blended biofuels from two distinct feedstocks—used cooking oil and waste animal fats —and introduced the lower-emissions marine fuel into a BHP-chartered bulk carrier as part of a pilot project.

The bio-blend in the BHP and GCMD pilot is being used on a BHP-chartered bulk carrier Berge Lyngor, owned and operated by Berge Bulk, transporting BHP iron ore from Western Australia to China. When run on bio-blend, the vessel has the potential to reduce well-to-wake greenhouse gas emissions by approximately 79 per cent per voyage compared to sailing on very low sulphur fuel oil (VLSFO).

The vessel bunkered in Singapore in early May with a B100 bio-blend comprising 50 percent tallow-derived biodiesel, sourced and supplied by HAMR Energy, and 50 per cent used cooking oil (UCOME) supplied by Mitsui & Co Energy Trading Singapore (METS).

Mitsui also blended the fuel and Dan-Bunkering coordinated and executed the bunkering operation, which was performed by Global Energy’s barge MT Maple.

The BHP and GCMD pilot will assess how biofuels from multiple feedstocks can be blended, handled, and introduced under real-world operating conditions using existing used cooking oil bunkering infrastructure.

At the same time, insights from this pilot will help identify solutions to challenges related to fuel quality, handling, traceability, and onboard vessel performance.

Biofuels for global shipping today rely heavily on used cooking oil – a feedstock whose availability is approaching its projected limits. Biofuel from waste animal fats presents a promising option to expand the supply of lower-emissions marine fuels.

The outcomes of the pilot are expected to shed light on the practical steps to integrate biofuel blends from different feedstocks into existing supply chains. The diversity of biofuels will provide shipowners and operators with greater flexibility to optimise fuel procurement based on cost, availability, and lifecycle emissions performance.

Biofuels derived from different feedstocks can exhibit varying properties that may impact operations, including potential corrosion from oxidation, fuel system clogging caused by wax formation, which this pilot aims to assess.

The pilot will trace and verify the biofuel blend’s integrity aimed at bolstering confidence in emissions reductions reporting. The pilot will also provide insights into how robust tracing can support future marine fuel supply chains where biofuels from multiple feedstocks with varying lifecycle greenhouse gas emissions footprints are blended together.

This project is co-funded by the Maritime and Port Authority of Singapore under the Maritime Innovation and Technology Fund (MINT).

 

Photo credit: Global Centre for Maritime Decarbonisation
Published: 3 June, 2026

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Biofuel

NYK starts one-year B100 bio bunker fuel trial on car carrier

In this trial, NYK will operate a car carrier continuously on B100 for one year to evaluate the impact on engines, fuel supply systems, and operational practices.

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NYK starts one-year B100 bio bunker fuel trial on car carrier

Japanese shipping firm NYK on Tuesday (2 June) said it has commenced a one-year long-term trial involving the continuous use of 100% biofuel (B100) on an NYK-operated car carrier. 

In this trial, NYK will operate a car carrier continuously on B100 for one year to evaluate the impact on engines, fuel supply systems, and operational practices. High-purity biofuels such as B100 are known to be susceptible to degradation from oxygen, light, and heat, raising concerns about the stability of such fuels during long-term use.

In this trial, the biofuel primarily comprises FAME (Fatty Acid Methyl Ester) derived from used cooking oil and similar feedstocks.

The initiative is designed to evaluate the fuel’s effects on the vessel’s equipment and verify operational safety under real-world conditions. 

Through this effort, NYK seeks to accumulate technical expertise that will support the broader use of high-purity biofuels and further accelerate efforts to reduce greenhouse gas (GHG) emissions.

NYK has been advancing the use of biofuels through various initiatives. In 2024, the company conducted a trial using biofuel blend B24 and subsequently expanded practical usage to B30. However, the company said there remains limited global experience with the long-term continuous use of B100.

“By collecting long-term operational data through this trial, NYK aims to accumulate valuable technical insights to support both the safe operation of vessels and the wider adoption of high-purity biofuels,” it said. 

 

Photo credit: NYK
Published: 3 June, 2026

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Ammonia

AM Green plans to build green ammonia plant at Indian port

Initiative also includes development of green ammonia handling, storage and bunkering infrastructure, pilot bunkering operations, safety procedures and training programmes, says VOC Port Authority.

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VO Chidambaranar (VOC) Port Authority on Friday (29 May) said it has signed a Memorandum of Understanding (MoU) with India’s ammonia producer AM Green Ammonia to collaborate in the development of a green ammonia production plant.

The plant will have a capacity of one million tonnes per annum (MTPA) at Tuticorin.

The initiative also includes development of green ammonia handling, storage and bunkering infrastructure, pilot bunkering operations, safety procedures and training programmes. 

The project is expected to support the development of green fuel corridors connecting VOC Port with major ports in Europe and Asia, thereby strengthening India’s position in the global green fuels value chain.

VOC Port also signed a Memorandum of Understanding (MoU) with Bureau Veritas (India) Pvt. Ltd., to collaborate on Green Port certification, emissions accounting, ESG reporting, safety validation, development of green bunkering practices, and establishment of a Centre of Excellence for green fuels and sustainability.

The port also plans for an upcoming 750 m³ green methanol bunkering facility.

 

Photo credit: Naveed Ahmed on Unsplash
Published: 3 June, 2026

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