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Bunker supplier OceanEXL FZC banned in UAE for multiple offences

Firm allegedly provided false information and claimed that a cargo STS op took place and not a bunker op through an official letter and also claimed that they have not issued BDN.

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UAE by Imtiyaz Ali on Unsplash

The UAE Maritime Administration has taken the decision to ban OceanEXL FZC from bunker trading and supplying fuel to the ships in the UAE waters and ports, according to GAC Hot Port News on Friday (13 September). 

Citing a circular by the United Arab Emirates Ministry of Energy & Infrastructure, GAC said OceanEXL FZC supplied 700 metric tonnes (mt) of high Sulphur fuel from their chartered vessel at Khorfakkan port anchorage to a vessel not equipped with Exhaust Gas Cleaning Systems (scrubber). 

In addition, this operation was carried out without obtaining the navigation license from this administration for the vessel to operate in the UAE waters.

OceanEXL FZC provided false information on the nature of this operation and claimed that it was a cargo ship-to-ship operation and not a bunker operation through an official letter issued by their management to this Maritime Administration and also claimed that they have not issued the Bunker Delivery Note (BDN).

The investigations of the Maritime Administration proved that the information provided by the management of OceanEXL FZC was not accurate while the receiving ship confirmed that it was bunkering operations, and this was verified by the investigation team while reviewing the electronic correspondence between OceanEXL FZC and the receiving ship which confirmed prior arrangements were in place for the bunkering operation.

The receiving vessel provided the bunker delivery note issued by OceanEXL FZC thus contradicting the claim that it has not been issued. The BDN has also been falsified to reflect that the supplied fuel was VLSFO.

Such practices undertaken by OceanEXL FZC endanger the safety of ships and seafarers, adversely affecting the marine environment, and the bunkering standards in the UAE, in addition to violating the applicable national laws and international conventions, as following:

  • Federal Decree-Law No. (43) of 2023 on Maritime Law.
  • Federal Law No. (24) of 1999 on the protection and development of the environment.
  • Federal Law No. (14) of 2017 on trading in petroleum products.
  • Provisions of the International Convention for the Prevention of Pollution from Ships (MARPOL) 73/78.

The Maritime Administration has also taken the decision to ban the below mentioned vessel chartered by OceanEXL FZC within the UAE waters and ports under any ownership.

Vessel Name: DSG
Flag: PALAU
IMO Number: 9555216
Ship Owner: DSG Shipping INC
Commercial operator: OceanEXL FZC

The UAE Maritime Administration reminds all the companies and the personnel involved in the activities of bunker trading and supplying fuel to ships that zero tolerance policy is adopted when it comes to the companies, personnel, or vessels involved in manipulating the operations of bunkering in terms of the quality and quantity of fuel, tampering with the fuel samples, falsifying Bunker Delivery Note, or providing inaccurate information to the Maritime Administration or Port Authorities about the nature of the operations conducted in order to preserve the safety of ships and seafarers on board and the standard of the bunkering operations in the UAE .

The companies involved in bunkering activities must comply with the legislation, regulations, decisions, and circulars in force to avoid banning their activities in the UAE and enforcing other legal measures.

From the date of this circular, all bunker ships prior to conducting the supply of high-sulphur fuel in the UAE waters and ports must review the International Air Pollution Prevention Certificate (IAPP) of the receiving ship and retain a copy of the certificate, to ensure that it meets the requirements of high-sulphur fuel consumption by having Exhaust Gas Cleaning Systems (scrubber).

Source: United Arab Emirates Ministry of Energy & Infrastructure Circular No.(09) of 2024 dated 13 September 2024

 

Photo credit: Imtiyaz Ali on Unsplash
Published: 16 September, 2024 

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Bunker Fuel

TMD Energy becomes first Malaysian bunker supplier to list on NYSE American

Straits Energy Resources’ subsidiary announces that its shares have been listed on 21 April, becoming the first Malaysian marine bunker supplier to achieve a listing on a major US exchange.

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TMD Energy Limited (TMD Energy), a Malaysia and Singapore-based provider of integrated marine bunkering services and a Straits Energy Resources Berhad (SER) subsidiary, on Tuesday (22 April) announced that its shares have been listed on 21 April and began trading on the NYSE American under the ticker symbol “TMDE”.

Dato’ Sri Ron Ho Kam Choy, Chairman, Executive Director, and Chief Executive Officer of TMD Energy, said: “We are proud to become the first Malaysian marine bunker supplier to achieve a listing on a major US exchange, reinforcing our position as one of the industry’s leading players.

“Leveraging Malaysia’s strategic location along major shipping routes including the Straits of Malacca and the South China Sea, as well as resilient demand for bunker fuel in the region and globally, we are well positioned for further expansion. On top of that, TMD Energy is also the first Malaysian company to list on the NYSE American.

“Our listing in NYSE American will help us to enhance our international profile, expand our reach, capture new markets, and deliver sustainable, higher returns to our shareholders.”

TMD Energy’s share price opened at USD 3.26 on Monday, rising to an all-time high of USD 4.12 on its market debut before closing at USD 3.63, which was 11.69% higher than its initial public offering (IPO) price of USD 3.25 per share. This gave the company a market capitalisation of USD 83.85 million (equivalent to approximately MYR 367.2 million) on its first day as a publicly listed company.

TMD Energy’s IPO was priced at USD 3.25 per share, and total gross proceeds (excluding the over-allotments) before deducting underwriting discounts and other related expenses were approximately USD 10.08 million (equivalent to approximately MYR 44.13 million). 

Proceeds from the IPO will be used for the purchase of cargo oil; defraying listing expenses; and working capital and other general corporate purposes.

The company has granted the underwriter a 45-day option to purchase up to an aggregate of 465,000 additional shares to cover over-allotments at the IPO price, If the underwriter exercises their option to purchase the additional shares in full, the total gross proceeds before deducting underwriting discounts and other related expenses from the offering are expected to be approximately USD 11.59 million.

Dato’ David Yoong Leong Yan, Executive Director of TMD Energy, said: “Our debut on the NYSE American is a key milestone in our journey of growth. While continuing to drive strong organic growth, as part of our strategic growth initiatives, we remain focused on identifying and pursuing strategic mergers and acquisition opportunities that align with our long- term vision and strengthen our regional presence.”

Manifold Times previously reported SER announcing its proposal to list its oil bunkering segment via the listing and quotation of the ordinary shares in its 76.68%-owned subsidiary, TMD Energy, on the New York Stock Exchange American (NYSE American).

TMD Energy and its subsidiaries (TMD Energy Group) are mainly involved in marine fuel bunkering services specialising in the supply and marketing of marine gas oil and marine fuel oil to various types of ships and vessels at sea. In addition, the company provides vessel chartering services and vessel management services.

TMD Energy Group operates in 19 ports across Malaysia, with a fleet of 15 well-maintained bunkering vessels with capacities ranging from 540 dwt to 7,820 dwt, of which nine are double-bottom and double-hull vessels with an average cargo-carrying capacity of 4,200 dwt each. Its customers include ship owners and operators, shipping lines, logistics and freight companies, as well as oil and gas traders or brokers. 

TMD Energy’s growth strategy includes expanding its market presence across Southeast Asia, growing its bunkering fleet, providing ship management services to external customers and diversifying its fuel offering to include eco-friendly alternative fuels such as biodiesel.

TMD Energy is part of SER, a Fortune Southeast Asia 500 company listed on the ACE Market of Bursa Malaysia Securities. 

Related: Malaysia: Straits Energy plans to list subsidiary TMD Energy on NYSE American

 

Photo credit: TMD Energy
Published: 22 April, 2025

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LNG Bunkering

New MOL vessel to be supplied LNG bunker fuel in Japan before voyage to Australia

After departing from Saijo Shipyard, LNG fuel will be supplied directly to “Verde Heraldo” through shore-to-ship bunkering at Senboku Terminal of Osaka Gas, and is then scheduled to sail for Australia.

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New MOL vessel to be supplied LNG bunker fuel in Japan before voyage to Australia

Mitsui OSK Lines (MOL) on Friday (18 April) said the naming and delivery ceremony for the LNG-fuelled Capesize bulker, which MOL ordered for JFE Steel Corporation, was held at the Saijo Shipyard of Imabari Shipbuilding. 

The vessel was named the Verde Heraldo, which means “Green Pioneer” in Spanish, by JFE Steel President and CEO Masayuki Hirose. MOL executives including President & CEO Hashimoto were also on hand for the ceremony.

After departing from Saijo Shipyard, LNG fuel will be supplied directly to the vessel through shore-to-ship bunkering at the Senboku Terminal of Osaka Gas, and is then scheduled to sail for Australia.

The Verde Heraldo will sail under long-term transport contracts to supply raw materials for JFE Steel's mills, providing both reduced environmental impact and safe and reliable marine transport services.

About Verde Heraldo

LOA: 299.99 m
Breadth: 50.00 m
Draft: 18.436 m
Deadweight tonnage: 210,321 tonnes
Shipyards: Imabari Shipbuilding and Nihon Shipyard 

 

Photo credit: Mitsui OSK Lines
Published: 22 April, 2025

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Business

ENGINE: Adverse weather keeps bunker operations suspended in Zhoushan’s OPL area

Bunker deliveries at Zhoushan’s Tiaozhoumen and Xiazhimen outer anchorages have been suspended due to rough weather; some suppliers expect to fully resume operations in OPL area by 22 April.

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Zhoushan Port Anchorage

Bunker deliveries at Zhoushan’s Tiaozhoumen and Xiazhimen outer anchorages have been suspended since Saturday due to rough weather, according to a source on Monday (21 April). 

However, bunker operations have resumed this morning at Zhoushan’s more sheltered Xiushandong anchorage and the inner anchorage of Mazhi.

The port is currently experiencing strong wind gusts of 24–27 knots and swells approaching one meter.

Several suppliers expect to fully resume bunkering operations in the OPL area by tomorrow (22 April), the source said.

By Tuhin Roy

 

Photo credit: Manifold Times
Published: 22 April, 2025

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