UAE-based oil and bunkering firm GP Global on Tuesday (17 March) announced the launch of its new bunkering operation in the port of Jebel Ali.
Jebel Ali Port, operated by DP World, contributes over 26% to Dubai’s GDP and along with Jebel Ali Free Zone (JAFZA) provides Dh151 billion ($41.1 billion) or 10.7 % to the UAE’s national GDP making it a key player in the development of the UAE economy.
GP Global’s new bunkering operation includes two wholly owned barges, each with a capacity of 4,800 mt of fuel oil and 1,000 mt of gas oil, which will deliver MAROPOL and ISO-compliant distillate marine, including high quality marine gasoil (MGO) grades such as DMA and DMB as well as residual fuels including RMG and RME grades.
Subsequently, GP Global will continue to champion the bunkering industry’s needs for ISO-compliant high sulphur grades, working closely with its customers and partners on cleaner energy solutions.
The new Jebel Ali bunkering operation of GP Global complements its operations in the UAE at the Port of Fujairah, where it had set a group milestone by completing its first delivery of IMO compliant fuel oil, three months ahead of the January 2020 deadline.
The group’s entire bunkering operations in the UAE – including Dubai and Fujairah – is supported by GP Global’s trucking business to cover fuel oil and marine gas oil in major ports in the country.
“Our East of Suez business has reported a growth of over 25 per cent last year in revenue, which underlines the strong opportunity and potential of the region,” said Anil Keswani, Head of Bunkering, East of Suez at GP Global.
“With our new bunkering operation at Jebel Ali Port, we are not only consolidating our strengths in the bunkering business by continuing to invest in our physical presence in all major international ports, but also demonstrating our commitment to building a robust and reliable supply chain to meet customer needs.”
“With this, we now offer a global network that can meet the requirements of marine fuel supply as per IMO guidelines.”
‘This biofuel bunker delivery represents a new chapter for Eng Hua as we are now moving with the times towards the era of decarbonisation,’ Mike Sin, Director at Eng Hua, tells bunkering publication Manifold Times.
MPA has also asked Glencore to improve its internal procedures to ensure that prompt action is taken in future when it becomes aware of, or reasonably suspects, any irregularity in fuel quality, it states.
Dynamic Asset Investments Limited and Goldsland Holdings Co Ltd helped Vermont UM Bunkering maintain a “Cash Float” of about SGD 100,000 to facilitate “buyback” bunker transactions at Singapore port.
Senior Cargo Officer gained SGD 48,800 worth of commission from “buyback” bunker transactions and illegally obtained SGD 410,712.257 by cheating Vermont, a Singapore court heard on Thursday (21 July).
Firm hopes to leverage partnership in Greece as a springboard to expand into neighbouring and overseas markets including Europe and China, says Robin Van Elderen, Regional Head Bunkers, Europe, Sing Fuels.
Singapore can help less developed countries in SouthEast Asia through ‘piloting and scaling fuels and technology as well as a leading hub for green finance’, said DNV Group President and CEO Remi Eriksen.