Business

GCC Bunkers opts for ION Aspect Commodities Trading Risk Management platform

Aspect was selected for its capabilities in the bunker market, its quick implementation, and its ability to adapt to changing international marine fuel regulations, said ION.

Published

6 years ago

October 23, 2020

Admin

Global provider of trading, analytics, and risk management solutions for commodities and treasury management, ION Commodities on Thursday (22 October) announced GCC Bunkers has selected its ION Aspect CTRM (Commodities Trading Risk Management) solution to manage its complex physical oil and fuel business.

Aspect, the leading multi-tenant SaaS CTRM solution, was selected for its extensive capabilities in the bunker fuels market, its quick implementation period, and its ability to adapt to changing international marine fuel regulations, said ION.

GCC Bunkers is a supplier of marine fuel focused on supplying low-sulphur fuel as well as all other standard specification marine fuels and distillates to ship owners and operators calling on the Houston and Galveston ports, including Texas International Terminals.

GCC Bunkers previously relied on a legacy platform but needed a robust, easy-to-deploy solution to manage its increasingly complex operations, and the necessary unit conversions for various individual contracts with international customers, explained ION.

“GCC Bunkers is on the forefront of responding to changing international regulations impacting ship owners and operators. We needed a fully functional solution to not only support today’s requirements, but also have the ability to add new functionality quickly and adapt as requirements are updated,” said Zach Stansbury, GCC Bunkers Commercial Director.

“GCC Bunkers selected Aspect’s SaaS trade and risk management solution for its rapid deployment and immediate ability to support our front, middle, and back offices.”

ION noted that Aspect is the leading multi-tenant SaaS commodity trading and risk management solution with integrated market data that is delivered in short implementation periods.

It’s an out-of-the box CTRM solution that is fully configurable to support the trade life cycle of bunker fuels, crude and refined products, metals, petrochemicals, and LPG/chemicals companies.

“Aspect is ideal for small and medium-sized commodity businesses that require a fully functional, easy-to-implement CTRM solution. This includes bunker fuel suppliers that are adapting their operations to changing international regulations,” said Rich Grossi, ION Corporates Chief Executive Officer.

“I’m pleased to welcome GCC Bunkers to the ION market-leading CTRM community.”

Photo credit: ION commodities
Published: 23 October, 2020

LNG Bunkering

Singapore: Eastern Pacific Shipping hits 700 LNG bunkering milestone

Since commencing LNG bunkering operations in November 2020, the company said it has completed a total LNG bunkering volume of 2,920,191 cubic metres.

Published

10 hours ago

August 18, 2026

Admin

Singapore: Eastern Pacific Shipping hits 700 LNG bunkering milestone

Singapore-based shipping firm Eastern Pacific Shipping (EPS) on Monday (17 August) said the company has successfully completed its 700th LNG bunkering operation, carried out for vehicle carrier Lake Victoria in Emden, Germany.

Since commencing LNG bunkering operations in November 2020, the company said it has completed a total LNG bunkering volume of 2,920,191 cubic metres (m3).

“Reaching 700 LNG bunkering operations reflects not only the scale of our investment in alternative-fuel capabilities, but also the experience, coordination and commitment of our teams at sea and ashore,” EPS said in a social media post.

“As we continue to grow and diversify our fleet, every operation adds to the practical experience needed to support shipping’s energy transition.”

Manifold Times previously reported the company completed a total of 530 LNG bunkering operations with over 2.4 million m3 of LNG bunkered, from the start of recorded data to 31 Dec 2025.

In its 2026 ESG Report, EPS said its fleet is among the largest dual-fuel fleets in the industry, with over 170 vessels designed to operate on alternative fuels.

In 2025, 25% of the fuel consumed by EPS fleet were alternative marine fuels, including LNG, LPG, ethane, and biofuels.

Photo credit: Eastern Pacific Shipping
Published: 18 August, 2026

LNG Bunkering

Yang Ming dual-fuel vessel completes first SIMOPS LNG bunkering operation in Shanghai

“YM Willpower” successfully received around 2,000 mt of LNG alongside active cargo handling, significantly enhancing operational efficiency during the port call.

Published

10 hours ago

August 18, 2026

Admin

Yang Ming dual-fuel vessel completes first SIMOPS LNG bunkering operation in Shanghai

Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) on Monday (17 August) said its 15,500 TEU LNG dual-fuel vessel, YM Willpower, successfully completed its first-ever LNG bunkering operation via SIMOPS (Simultaneous Operations) at the Port of Shanghai.

Through close collaboration with Shanghai International Port (Group) and SIPG Energy Shanghai, the vessel successfully received around 2,000 metric tonnes (mt) of LNG alongside active cargo handling, significantly enhancing operational efficiency during the port call.

With LNG dual-fuel technology, the company said it is continuing to expand alternative-fuel bunkering capabilities, enhance operational flexibility and efficiency and advance lower-carbon shipping solutions.

Manifold Times previously reported YM Willpower completing its first bunkering operation in Singapore.

In 2026, Yang Ming will progressively introduce newly built 15,500 TEU class container vessels primarily fueled by liquefied natural gas (LNG) into its operating fleet.

The lead vessel, YM Willpower, completed partial LNG bunkering at the shipyard prior to delivery and was officially deployed on 8 February into Yang Ming’s Far East–Mediterranean MD2 service.

Photo credit: Yang Ming Marine Transport Corporation
Published: 18 August, 2026

Methanol

Fratelli Cosulich launches methanol-ready bunker tanker in China

Designed with MarineLINE-coated cargo tanks and methanol readiness from the outset, “Carlotta Cosulich” combines operational flexibility with future-fuel readiness.

Published

10 hours ago

August 18, 2026

Admin

Fratelli Cosulich launches methanol-ready bunker tanker in China

Genoa-based marine fuel supplier Fratelli Cosulich on Monday (17 August) announced the launch of its new methanol-ready bunker IMO II tanker, Carlotta Cosulich.

The launch of Carlotta Cosulich, the third of four sister vessels, took place at Taizhou Maple Leaf Shipyard in China, bringing together the project team, partners and stakeholders.

Silvia Bordon, General Manager, served as the vessel’s godmother during the ceremony.

“Designed with MarineLINE-coated cargo tanks and methanol readiness from the outset, Carlotta Cosulich combines operational flexibility with future-fuel readiness,” the company said in a statement.

Equipped with a five-tonne cargo crane and dedicated arrangements for Single Point Mooring (SPM) operations further enhances her versatility across a wider range of bunkering operations.

“Following the successful delivery of her two sister vessels, she brings us one step closer to completing this four-vessel programme and reinforces Fratelli Cosulich Group’s commitment to safety, innovation, sustainability and operational excellence,” the company added.

Photo credit: Fratelli Cosulich
Published: 18 August, 2026