Business

BW Tankers: Opening for Head of Bunkers position

Candidate responsible for optimal bunker planning, fuel requisition to meet fleet operational needs.

Published

7 years ago

May 14, 2018

Admin

The following is a job advertisement for the Head of Bunkers position shared by BW Tankers for post on the Manifold Times website:

COMPANY DESCRIPTION
BW Tankers is a leading ship owner and operator with a substantial fleet of product tankers. The Company has a solid history in chartering, operations and technical management to offer customers the best solution to their transportation needs. BW Tankers is a joint venture formed by BW Group and PAG (Pacific Alliance Group), and owns a fleet of more than 50 product tankers in the LR2, LR1 and MR segments including newbuildings.

The Company has a global presence with offices in Singapore, Copenhagen and Houston. BW Tankers is associated with the BW group, a shipping company which for over 80 years has been involved in oil and gas transportation, floating gas infrastructure, environmental technologies and deep-water production.

Embark on a career with the world’s leading maritime group. Join us in our quest to be Best on Water!

JOB DESCRIPTION
We are building an internal bunker department and we are looking for an individual who can drive our bunker sourcing. You will be responsible for optimal bunker planning, fuel requisition to meet fleet operational needs in collaboration with the bunker team. Reporting to the Head of Operations, this is a challenging and exciting opportunity for a highly driven individual, who has a proven track record in delivering results together with a team.

Lead the bunker procurement of all spot vessels
Handle day to day sourcing of bunkers
Collaborate with Operators for optimal bunker planning & sourcing
Responsible for accurate accounting of all bunker purchases
Develop sourcing strategies to enhance decision making
Handle dispute resolutions, identify and resolve all bunker related operational issues immediately with vessels and operations
Negotiate and manage bunker contracts
Perform data analytics, track oil prices and other trends in the industry
Analyse trends and generate reports
Responsible for the Bunker team performance, including mentoring and training of junior team members
Manage overall bunker supplier evaluation process (i.e. price, quantity, quality & other performance metrics, etc.)
Initiate and manage all bunker operation and related improvement projects
Develop and maintain relationships with suppliers and stakeholders
Ensure bunker procurement is following legislations and internal policies
Ensure strong governance on the bunkering team, policies and procedures
This role can be based in Singapore, Copenhagen or Houston

QUALIFICATIONS

Degree in Economics, Finance or related discipline
Individual who possess a commercial mindset, is highly driven and ambitious
At least 5 years of experience as a bunker/oil trading or sales, upstream operations, bunker purchaser or similar role
Experience with leadership in past positions will be an advantage
A team player; individual who is open and people oriented
Possess a strong analytical mindset and is a solid negotiator
Advance communication skills
Appreciate the nature of a global business, whereby activity outside office hours must be accepted
Able to work independently and in a collaborative environment

OTHER INFORMATION
At BW, we offer challenging work in an international environment with a team of dedicated and competent colleagues. We recognise that the success of BW rests with each employee’s ability to provide the necessary skills and confidence within the team, and our training is tailored to suit individual needs and career aspirations.

Vision: Best on Water

Mission: We Act for the Future

Values

Collaborative
Ambitious
Reliable
Enduring

If our values resonate with you and you think you can contribute, we would be delighted to hear from you.

Interested candidates may apply from instructions in the link here.

Photo credit: BW Group
Published: 14 May, 2018
EDIT: A change was made to the job title from "Senior Bunker Purchaser" to "Head of Bunkers" on 15 May, 2018 as per instructions from BW Group.

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.

Published

8 hours ago

April 22, 2025

Admin

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.

Photo credit: TMD Energy
Published: 22 April, 2025

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.

Published

8 hours ago

April 22, 2025

Admin

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

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.

Published

8 hours ago

April 22, 2025

Admin

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