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

Alternative Fuels

Singapore-based ONE celebrates maiden voyage of methanol-and-ammonia ready boxship

Following the successful deployment of “ONE Singapore” and its sister vessels, “ONE Solidarity” will be deployed on the Mediterranean Pacific South 2 (MS2) service.

Published

6 hours ago

July 3, 2026

Admin

Singapore-based ONE celebrates maiden voyage of methanol-and-ammonia ready boxship

Singapore-based container shipping company Ocean Network Express (ONE) on Thursday (3 July) said it celebrated the maiden voyage of containership ONE Solidarity as the ship made its first-ever arrival in Shekou, China.

“As one of our S-series methanol and ammonia ready container vessels, ONE Solidarity is another demonstration of ONE’s commitment to sustainable shipping,” the company said in a social media post.

Following the successful deployment of ONE Singapore and its sister vessels, ONE Solidarity will be deployed on the Mediterranean Pacific South 2 (MS2) service.

“Her deployment will boost our service capacity, ensuring faster, more reliable, and highly efficient shipping offerings across key global trade lanes,” the company added.

Photo credit: Ocean Network Express
Published: 3 July, 2026

Alternative Fuels

“Lucia Cosulich” enters final preparation ahead of bunkering operations

Following delivery of the ship in China, it will now enter the final preparation phase ahead of its next operational steps, strengthening Fratelli Cosulich’s ability to provide reliable bunkering solutions.

Published

6 hours ago

July 3, 2026

Admin

“Lucia Cosulich” enters final preparation ahead of bunkering operations

Fratelli Cosulich Marine Energy on Thursday (2 July) celebrated the delivery of Lucia Cosulich at Taizhou Maple Leaf Shipyard in China.

The vessel is the second of four sister methanol-ready IMO II bunker tankers developed within the Group’s fleet expansion programme and follows the launching ceremony held on 2 May 2026.

Designed to support the Group’s bunkering operations and future fuel requirements, Lucia Cosulich is part of the new generation of vessels developed by Fratelli Cosulich Marine Energy to combine operational reliability, safety and fuel flexibility.

Lucia Cosulich will now enter the final preparation phase ahead of its next operational steps, further strengthening the Group’s ability to provide reliable bunkering solutions.

“We wish Lucia Cosulich and her crew fair winds on the next stage of her journey,” the company said.

Photo credit: Fratelli Cosulich
Published: 3 July, 2026

Business

Glencore backs FincoEnergies’ biofuel growth with majority stake acquisition

With Glencore’s support, FincoEnergies is well positioned to continue expanding its offerings in biofuels across multiple transport segments and to increase its presence in new geographies.

Published

6 hours ago

July 3, 2026

Admin

Dutch biofuel supplier FincoEnergies on Thursday (2 July) announced the completion of global commodities trader Glencore’s acquisition of a majority stake in the company, forming a partnership with Coloured Finches.

FincoEnergies said its fuel distribution and logistics infrastructure, customer relationships and expertise in downstream fuel transportation will be complemented by Glencore’s global scale, sourcing capabilities and experience across the energy value chain.

With Glencore’s support, FincoEnergies added it is well positioned to continue expanding its offerings in biofuels and decarbonisation solutions across multiple transport segments and to increase its presence in new geographies.

Jan-Willem van der Velden, FincoEnergies CEO and Founder, said: “Today marks an exciting next step for FincoEnergies. Glencore already knows our business well, and this builds on years of collaboration, trust and shared ambition. With Glencore’s support and global reach behind us, we are in a strong position to continue growing our business and supporting our customers as demand for lower-carbon fuel solutions continues to evolve.”

Maxim Kolupaev, Head of Glencore Energy UK, said: “Glencore’s investment in FincoEnergies strengthens the presence of our business in Northwest Europe and creates a strong platform for future growth. We are looking forward to continuing to work closely with the FincoEnergies team and building on the successful relationship we have already developed together.”

Manifold Times previously reported FincoEnergies signing an agreement with Glencore for the acquisition of a majority shareholding in the FincoEnergies Group in a partnership with Coloured Finches.

Photo credit: FincoEnergies
Published: 3 July, 2026