Business

Consort Bunkers acquires five bunker tankers in Q4; orders up to seven more newbuilds from China

‘We [Consort Bunkers] have the opinion that the bunker business in Singapore is not related to the widely reported earlier cargo commodity trading mishaps,’ company source tells Manifold Times.

Published

4 years ago

November 16, 2020

Admin

Singapore-based bunker supplier and logistics services provider Consort Bunkers Pte Ltd has started a major bunker tanker expansion programme in the fourth quarter (Q4) of 2020, learned Singapore bunker publication Manifold Times.

“We have taken delivery of the 5,646 dwt Marine Hope and 6,020 dwt Marine Swift in September 2020,” according to a company source.

“We are expecting to take delivery of the 7,022 dwt Marine Kite and 6,842 dwt Marine Tiger by December 2020.”

The company in October acquired the 7,550 dwt bunker tanker Heredia Sea from Glencore Group to support its U.A.E. operations; the source took the opportunity to correct an earlier error from another publication – which incorrectly stated the vessel to be owned by Xihe Group.

Meanwhile, he added Consort Bunkers has taken on another newbuilding phase for up to seven 8,000 dwt bunker tankers.

The newbuilds will be delivered over the next two years from a Chinese yard and be identical to the Consort ‘M’ series of newbuilds first ordered in 2016.

“This next phase is more of a fleet expansion, while the previous one in 2016 is for fleet renewal,” he explains.

Moving forward, the source shared his opinion on the series of Singapore commodity trading mishaps the republic encountered earlier this year.

“We [Consort Bunkers] have the opinion that the bunker business in Singapore is not related to the widely reported earlier cargo commodity trading mishaps,” he stated.

“The Singapore bunkering sector itself is contained in an ecosystem which leaves very little room for fraud manipulation.

“This is because the Singapore bunkering sector is very much regulated by the Maritime and Port Authority of Singapore (MPA), whereas the cargo trading sector is not regulated by anyone.

“Further, the bunker business has been holding in Singapore despite the downturn in economy and Covid-19; to date, no bunker supplier this year has closed business due to the broader economic challenges brought about by Covid-19.

“In fact, overall bunker demand at Singapore port has increased while sales volumes at other international ports decreased.

“We are very optimistic on the growth of the Singapore bunker sector, and back this up with the latest round of investments.”

Photo credit: Consort Bunkers
Published: 16 November, 2020

Bunker Fuel

China: Zhoushan Port launches night bunkering ops in Tiaozhoumen outer anchorage

Bunkering vessel “Dong Fang Zhao Yang” supplied marine fuel to Panamanian cargo ship “AquaGrace” in a bonded bunkering operation in the early morning of 4 December.

Published

4 hours ago

December 5, 2024

Admin

China: Zhoushan Port launches night bunkering ops in Tiaozhoumen outer anchorage

Zhoushan Port on Wednesday (4 December) conducted the first night-time berthing and bunkering operations in the Tiaozhoumen Outer Anchorage, marking the official launch of the new service in the area.

Bunkering vessel Dong Fang Zhao Yang supplied marine fuel to Panamanian cargo ship AquaGrace in a bonded bunkering operation in the early morning of 4 December.

So far, the four major bunkering anchorages in the southern port area of Zhoushan have all achieved their first night-time bunkering operations.

Tiaozhoumen Outer Anchorage is one of the important oil supply anchorages in Zhoushan waters, accounting for about a quarter of the total bunker fuel supply in Zhoushan anchorages.

In order to further tap the potential, achieve all-weather operations of the anchorage, and provide more stable, efficient and convenient maritime services for international shipowners this year, local authorities successfully came up with a night bunkering operation plan.

Following that, a trial bunkering operation was conducted at night on 15 November.

After the night refuelling service is opened at the Tiaozhoumen Outer Anchorage, the operating time of the anchorage fuel supply will be directly increased, the utilisation rate of the anchorage will be improved, the waiting time of international ships will be greatly reduced, and more flexible and convenient refueling options will be provided for international shipowners.

The port added that the new operation will help increase the bonded bunkering volume of ships in Zhoushan and will advance Zhoushan's promotion in creating a global bonded bunkering centre for ships.

Photo credit: Zhoushan Port
Published: 5 December, 2024

LNG Bunkering

CMA CGM achieves 100th SIMOPS LNG bunkering operation in Shanghai

Milestone bunkering of “CMA CGM Patagonia” by bunkering vessel “Hai Gang Wei Lai” also sets a new record for the largest single refuelling volume in China – 11,500 m³ of LNG bunker fuel.

Published

4 hours ago

December 5, 2024

Admin

CMA CGM achieves 100th SIMOPS LNG bunkering operation in Shanghai

French shipping giant CMA CGM on Wednesday (4 December) said it successfully completed its 100th simultaneous LNG bunkering and cargo operation (SIMOPS) at the Shanghai Yangshan terminal.

The achievement comes two years after the company signed a LNG bunkering agreement with Shanghai International Port Group in 2022.

“This milestone bunkering of the CMA CGM Patagonia not only marks a significant achievement but also sets a new record for the largest single refueling volume in China: an impressive 11,500 m³ of LNG,” the firm said.

“This was accomplished while seamlessly conducting simultaneous operations, including cargo handling and maintenance.”

According to Shanghai International Port Group (SIPG), bunkering vessel Hai Gang Wei Lai supplied the LNG bunker fuel to CMA CGM Patagonia.

Manifold Times previously reported CMA CGM and SIPG completing their first LNG bunkering operation at Yangshan Port in March 2022, marking the first ship-to-ship LNG SIMOPS in China.

The development was built upon an earlier 10-year LNG bunkering and joint project agreement formed between both entities in January 2022 where SIPG will provide SIMOPS LNG bunkering service for CMA CGM’s vessels sailing from China to the United-States at Yangshan Port.

Photo credit: Shanghai International Port Group
Published: 5 December, 2024

LNG Bunkering

Seaspan Energy completes its first-ever LNG STS bunkering operation

Operation marked the beginning of Seaspan’s service offering on the West Coast of North America with two LNG bunkering vessels to soon serve both Long Beach and Vancouver markets.

Published

4 hours ago

December 5, 2024

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Seaspan Energy completes its first-ever LNG STS bunkering operation

Seaspan Energy (Seaspan) on Wednesday (4 December) said it has successfully completed its first LNG ship-to-ship transfer to a containership in the Port of Long Beach.

The operation marked the beginning of Seaspan’s service offering on the West Coast of North America with two LNG bunkering vessels to soon serve both the Long Beach and Vancouver markets.

“Our first ship-to-ship LNG bunkering has been five years in the making and our team is so proud of this milestone especially as this represents the first ship-to-ship bunkering on the West Coast of North America,” said Harly Penner, Senior Vice President, Seaspan Energy.

“We are committed to offering large vessel operators a low-carbon fuel solution and this is the first of many successful operations to support a sustainable shift in the global marine sector.”

The first ship-to-ship transfer was performed by the Seaspan Garibaldi, the first of three Seaspan Energy 112m-long LNG bunkering vessels to be operational. The Seaspan Garibaldi will soon be joined by the Seaspan Lions and both bunkering vessels will support the market on the West Coast of North America.

Seaspan Energy is the first Canadian company to provide ship-to-ship bunkering solutions.

Photo credit: Seaspan Energy
Published: 5 December, 2024