GAC eyes on opportunities to expand Brazil’s bunker market
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Global provider of shipping, logistics and marine services GAC Group on Sunday (11 June) said it will be supporting Brazil’s tanker market including bunker fuels.
It said the growth in the global fleet, particularly in the tanker trade, has a knock-on effect on the bunker fuel market.
“The majority of today’s vessels run on heavy fuel oil (HFO), a byproduct of petroleum, and with Brazil having close access to plentiful supplies of traditional bunker fuels, GAC is strongly positioned to offer reliable and cost-effective bunker supplies,” the firm said.
Rodrigo Kill, GAC Brazil’s Shipping Manager, said: “The provision of alternative bunker suppliers is essential to ensure that our customers have continual access to supplies, given the ever-changing port rotations, is crucial for the seamless operation of their vessels – especially those engaged in the oil & gas industry.”
“We are therefore pleased that we can provide our customers in Brazil with an alternative and enabling us to coordinate hassle-free bunker calls.”
GAC also said although the world is on the road to decarbonisation, petroleum is still needed to fill the gaps as renewable technology becomes more commercialised and efficient.
“The oil and gas trade remains strong and it is vital to keep supply flowing,” it said.
The company said demand for oil continues unabated as global energy consumption increases. And with that demand comes a growing need for tankers to transport it.
In 2021, Brazil exported USD 30.7B in crude petroleum, making it the world’s 10th largest exporter. That same year, crude was the country’s 3rd most exported product.
The main destinations were China (USD 14.2B), United States (USD 3.1B), India (USD 2.23B), Chile (USD 1.98B), and Portugal (USD 1.66B).
“Tanker ships need to be handled with special expertise under local laws and the attention of port state control inspectors. GAC Brazil supports the petroleum trade with its leading shipping services at ports throughout the country and in-depth critical understanding of the region’s oil and gas sector,” it added.
Photo credit: Shaah Shahidh on Unsplash
Published: 19 June, 2023
