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Gazprom Neft Marine Bunker increases sales volume in H1

03 Sep 2018

Gazprom Neft Marine Bunker, the operator of Gazprom Neft's bunker business, recorded an increase in bunker sales volume in the first half (H1) of 2018 when compared to the similar period a year before.

It sold 556,000 metric tonnes (mt) of marine fuel in the North-West region of Russia in H1 2018, up 7.5% from the same period in 2017, according to a Monday statement.

The company claimed it had a 30% market share in the bunker market of the Northwestern Federal District (NWFD) in Russia.

The largest increase in sales was at the NWFD ports of Kaliningrad and Baltiysk (+ 38%), Arkhangelsk (+ 32%), and Murmansk (+ 14%).

Gazprom Neft Marine Bunker, meanwhile, sold 242,000 mt of oil products (+ 11%) at the Black Sea ports in the first half of 2018.

In total, the bunkering firm sold 18% more 0.1% sulphur limit marine fuel on year in H1 2018.

“The implementation of strategic projects for the development of the Russian Arctic and the increase in cargo transportation along the Northern Sea Route ensured positive sales dynamics in the North-West region,” said Andrey Vasilyev, Gazpromneft Marine Bunker's General Director.

“Within the framework of existing contracts and agreements, we clearly fulfil our obligations on bunkering of large-capacity vessels and escort ships. 

“At the same time, our production and technological capacities allow us to provide new customers with quality products and a high level of service.”

Gazprom Neft Marine Bunker, in other areas, posted a 39% increase, or 100,800 mt, of low-sulphur marine fuel sales in the ports of the Baltic Sea (St. Petersburg, Ust-Luga, Primorsk, Kaliningrad, Baltiysk) in H1 2018.

Related: Gazpromneft Marine Bunker files bankruptcy petition against shipping firm
Related: Gazpromneft Marine Bunker receives fuel supplier award
Related: Gazpromneft Marine Bunker publishes 2017 report

Photo credit: Gazprom Neft Marine Bunker
Published: 4 September, 2018


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