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Four new Bunker Traders join Dan-Bunkering in Dubai

The latest hiring makes the Middle Eastern office, established in 2013, the largest office of the Dan-Bunkering group in terms of number of Traders.
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International bunker supplier Dan-Bunkering on Monday (27 January) announced the employment of four new Bunker Traders for the office in Dubai. 

The latest hiring makes the Middle Eastern office, established in 2013, the largest office of the Dan-Bunkering group in terms of number of Traders.

The appointment yet again consists of people with different nationalities; something which is quite characteristic for the Dubai office but also for the organization in general, says the company.

“We are a very diverse office and have been so from the beginning, and I am very pleased and proud to manage and lead a team in an environment with such a variety of cultural backgrounds,” commented Dan-Bunkering Managing Director Kasper Fulton Stiedl.

Profiles of the Bunker Traders:

Shiwei Liao was born and raised in southern China and started his career within the Dan-Bunkering group in the Shanghai office in 2013. During an internal desk swop exercise a couple of years back, Shiwei found himself quite fund of the international environment Dubai had to offer, thus he recently relocated as part of the Group’s internal mobility program.

Elise Huang is a Danish national, born and raised by Chinese parents. Elise initially entered the industry via a bunker trading company in Europe and joined Dan-Bunkering in Dubai by the end of 2019. 

Farid Babayev comes with an MSc in Oil & Gas Logistics from Molde University in Norway, but was in fact born and raised in Azerbaijan and has worked in different parts of the offshore industry since joining the business in 2011.

Jinu Jagan commenced his career in the bunker industry in 2011 after finishing his MBA and gaining experience in a gas oil supply company. Jinu is originally from India and was employed by Dan-Bunkering at the end of 2019.

 

Photo credit: Dan-Bunkering
Published: 29 January, 2020

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Biofuel

China: Chimbusco completes first bonded B24 bunkering operation in Shenzhen

Chimbusco Marine Bunker (Shenzhen) completed the operation after supplying 1,300 mt of B24 marine biofuel oil for “Xin Chi Wan” vessel, at Shekou Container Terminal.
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July 8, 2026

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China: Chimbusco completes first bonded B24 bunkering operation in Shenzhen

Zhuhai Chimbusco Petroleum Co Ltd (Chimbusco Zhuhai), a subsidiary of China Marine Bunker (PetroChina) (Chimbusco), on Monday (6 July) said the company completed its first bunkering operation since receiving its local licence in Shenzhen. 

Chimbusco Marine Bunker (Shenzhen) completed the operation after supplying 1,300 metric tonnes (mt) of B24 marine biofuel oil for the Xin Chi Wan vessel, owned by COSCO Shipping Group, at the Shekou Container Terminal in Shenzhen.

The operation adopted the “cross-customs direct supply bunkering” model with the cooperation of Shenzhen and Gongbei Customs and maritime authorities.

Looking ahead, Chimbusco Marine Bunker (Shenzhen) said it will build on its local licensing and policy advantages to expand its bonded marine fuel bunkering business in Shenzhen.

The company plans to optimise its bunkering processes and improve service quality to help strengthen the city’s bonded marine fuel supply capabilities while supporting the shipping industry’s green transition.

 

Photo credit: Zhuhai Chimbusco Petroleum
Published: 8 July, 2026

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Sanctions

US reinstates Iran oil sanctions, orders wind-down by 17 July

US has revoked a licence permitting the purchase of Iranian crude oil, petrochemical products and petroleum products, with the restrictions taking effect immediately.
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July 8, 2026

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The US Treasury’s Office of Foreign Assets Control (OFAC) on Tuesday (7 July) revoked a licence that had temporarily authorised transactions involving crude oil, petrochemical products and petroleum products of Iranian origin.

Under the new licence, the purchase of Iranian crude oil, petrochemical products and petroleum products is prohibited with immediate effect.

The latest licence replaces an authorisation issued on 22 June, which had been scheduled to remain in force until 21 August. The previous authorisation permitted the bunkering of vessels engaged in the approved transactions.

Parties that entered into contracts for Iranian oil during the period in which the authorisation was in effect have until 17 July to wind down Iran-related transactions.

 

Photo credit: Zbynek Burival on Unsplash
Published: 8 July, 2026

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Legal

Russian court orders marine fuel supplier Transbunker assets transferred to state

A Moscow court has reportedly ordered the transfer of assets belonging to Russian marine fuel supplier Transbunker to state ownership.
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July 8, 2026

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A Moscow court has reportedly ordered the transfer of assets belonging to Russian marine fuel supplier Transbunker to state ownership.

This comes following a lawsuit alleging the company was illegally controlled through offshore corporate structures, according to The Moscow Times. 

The ruling grants the Russian Prosecutor General’s Office’s claims in full and takes immediate effect. Prosecutors argued that Transbunker, one of Russia’s largest marine fuel suppliers, was subject to restrictions on foreign ownership because the companies within the group qualify as strategic enterprises. 

The case targets Transbunker founders Iosif Sandler and Sergei Pugachev, both Cypriot citizens, along with Transbunker Management CEO Yelena Zavyalova. 

Prosecutors alleged the founders concealed control of the group through offshore entities in jurisdictions including Cyprus and the British Virgin Islands, while transferring profits abroad. Authorities claim RUB 19.3 billion (USD 247 million) has been moved out of Russia since 2020.

Founded in 1991, Transbunker has developed a nationwide marine fuel supply network serving Russian ports in the Baltic, Black Sea and Far East. The group owns fuel terminals in Novorossiysk, Vanino, Sakhalin and the Leningrad region, among other assets.

 

Photo credit: Egor Filin on Unsplash
Published: 8 July, 2026

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