Vopak celebrates 35 years of operations at world’s largest bunkering port

Vopak celebrates 35 years of operations at world’s largest bunkering port


Independent tank storage company Royal Vopak Tuesday reaffirmed its commitment to Singapore’s bunkering industry at an event marking its 35th anniversary of operations in the republic.

“No journey is always plain sailing. Neither was ours. Our industry has met different challenges over the years. Vopak managed to stay agile and overcome all hurdles, continuing to invest to further improve on our infrastructure and service to our customers,” said Eelco Hoekstra, Chairman of the Executive Board and CEO, Royal Vopak.

“The new IMO-2020 requirements, putting a 0.5 % sulphur cap on bunker fuels, is a good example. While market parties are yet deciding on how to meet the requirements, we have started to make adjustment in order to be ready for this transition and facilitate more sustainable product flows.

“That is why we are investing in the expansion of our Sebarok terminal, with new capacity to cater towards the storage and handling of marine gasoil. We are also upgrading the terminal to allow for more efficient blending and better control over blending specifications.

“These investments will give us the flexibility to handle multiple fuels and strengthen the position of Sebarok as the bunker hub of choice.”

Vopak has invested in a number of initiatives in recent years to strengthen the company’s long term competitive position at Singapore.

It is planning to expand the capacity of the Sebarok terminal with 67,000 cbm of storage to cater for handling of marine gasoil.

In line with Maritime and Port Authority of Singapore (MPA)’s directive to improve port efficiency, Vopak in October 2017 introduced a concurrent bunkering service at its Sebarok terminal to allow vessels calling at the facility to receive bunkers from bunker barges simultaneously while loading or discharging at the Vopak terminal.

The company also has plans to upgrade existing infrastructure and introduce automation at various terminals to boost throughput capability and, more efficiently handle and blend different types of fuels.

Related: Vopak readies storage avails for IMO 2020 0.5% sulphur cap
Related: Concurrent bunkering services at Singapore terminals could spark new trend



Photo credit: Vopak
Published: 26 September, 2018

 

Oil Price

Top Ports Price $/mt Change High Low Spread
Singapore 493.38 0.00 514.00 470.00 44.00
Fujairah 506.83 0.00 510.50 500.00 10.50
Rotterdam 450.30 0.00 462.00 438.00 24.00
Hong Kong 494.50 0.00 512.00 474.00 38.00
Antwerp 462.00 0.00 464.00 460.00 4.00
Top Ports Price $/mt Change High Low Spread
Singapore 508.33 0.00 518.00 497.00 21.00
Fujairah 544.83 0.00 582.00 520.50 61.50
Rotterdam 481.50 0.00 490.00 475.00 15.00
Hong Kong 504.50 0.00 528.00 484.00 44.00
Antwerp 488.50 0.00 492.00 485.00 7.00
Top Ports Price $/mt Change High Low Spread
Singapore 708.83 0.00 719.00 696.00 23.00
Fujairah 795.33 0.00 800.00 790.00 10.00
Rotterdam 682.88 0.00 714.00 660.00 54.00
Hong Kong 731.67 0.00 743.00 722.00 21.00
Antwerp 680.00 0.00 680.00 680.00 0.00

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