Exclusive: Hong Kong-based bunker trading firm E-Marine expands operations with Singapore branch
- Published
by Admin
Hong Kong-based marine fuel and lubricant trading company Hongkong E-Marine Supply Service Corporation Limited (E-Marine) expanded operations to Singapore with a new branch office on 1 January 2024.
“Our company recently started conducting ex-wharf operations in Singapore. Hence, opening an office at the republic is the next logical step,” Managing Director Darcy Wang told bunkering publication Manifold Times.
According to Mr Wang, the establishment of a Singapore office enhances E-Marine’s current ex-wharf cargo loading operations by allowing it to act as a “bridge” between ex-wharf players and local physical bunker suppliers.
With it, the company will now be able to offer ex-wharf high sulphur fuel oil (HSFO), low sulphur fuel oil (LSFO) and marine gas oil (MGO) directly to interested players at the republic.
Established in 2016, E-Marine upgraded from a small trader to a medium-sized trading house during the Covid-19 pandemic; its exceptional performance in 2023 provided further push for the expansion.
“Our company which specialises in handling bunker supplies at Chinese ports did very well in 2023,” said Mr Wang.
“The Covid-19 period showcased our strength in global communications by allowing us to perform as bridge between suppliers and customers between China and the international bunker fuel markets.
“Now with increasing customers it makes sense for us to also have presence at Singapore – the world’s largest bunkering port – where many of our customers and bunker trading partners are based.
“This branch office will allow us to provide better and immediate service for international clients interested in lifting bunkers at China and vice versa.”
E-Marine in 2022 provided marine oil supply services to more than 100 customers serving more than 600 ships; resulting in a revenue exceeding HKD 1.5 billion (USD 190 million).
E-Marine’s Singapore office address is as follows:
5 Purvis Street, #02-01
Singapore 188584
Photo credit: Manifold Times
Published: 29 January 2024
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