London-based bunkering firm Harvest Energy Marine, a member of the Prax Group of companies, on Tuesday (8 October) said it has expanded its delivery infrastructure with the addition of a new inland bunker barge.
The Group has chartered Florida to expand its presence and services in the port of Zeebrugge, in Belgium.
The 2010-built 85-metre barge has a capacity of 1,825 cubic metres and will be used as a supply vessel in Zeebrugge to deliver IMO 2020 compliant fuel.
Harvest Energy Marine has a long-term contract to supply a major ferry line from the port.
“I am delighted to announce the addition of Florida to our existing fleet of supply vessels, ahead of the IMO2020 regulations coming into force,” said Sanjeev Kumar, CEO of the Prax Group.
“This demonstrates the Group’s proactive approach to the changing marine fuels trading environment and our commitment to build a robust and reliable supply chain to meet the needs of our customers.
“It is the natural evolution in our progression towards making Harvest Energy Marine a leading player in the global marine market.”
Photo credit: Harvest Energy Marine
Published: 9 October, 2019
The bunker player at Hong Kong and Chinese ports shares with Manifold Times what local shipping sectors went through during the early days of COVID-19 and how business is resuming.
April bunker sales results released on Wednesday caught several players, who expected volume to fall due to lower international trade and COVID-19, by surprise.
‘OTPL has a strong group of employees who have the requisite expertise and experience in ship chartering and management, which has commercial value and should be kept intact.’
Company believes market and business partners ‘likely to have greater confidence and comfort in continuing business dealings’ if placed under judicial management, says Director.
Panellists covered several marine fuel related topics including bunker fuel quality testing, COVID-2019, and long term storage of VLSFOs experienced during the first 100-day period.
Latest development alleges Chua Chin Lan facing total debt of approximately USD 5 million due to personal guarantees undertaken with Innovek and Global Energy Trading.