Business

Italy: Bunker Energy in ‘final stages’ of starting 0.5% LSFO supply ops

Deciding on pricing structure and plan to start offering compliant fuels by the end of Q3 2019 or earlier.

Published

4 years ago

July 5, 2019

Bunker Energy S.p.A, a rebranded company of Genova-based bunkering firm Maxcom Bunker S.p.A., has shared a statement with Singapore bunker publication Manifold Times informing readers of preparation plans to supply IMO 2020 compliant marine fuel at the ports of Augusta and Civitavecchia before 1 January 2020:

As a substantial development in the strategies of Bunker Energy, we are pleased to say that we are at the stage of finalizing the logistics with barges and terminal to assure consistency of availability and deliveries of compliant fuels well before the 1st January 2020.

The first batch of ifo 0.5 pct has already been brought in last week but it won't be available for sale soon, not until all lines and pumps have been properly flushed to avoid any contamination from other higher sulfur fuels.

We will ensure regular avails of straight run 0.5 product; blended fuels will be supplied in lieu only when no other product can be sourced. Specification will be compliant with ISO 8217 2017 with exception of sulfur mass % 0.5 max.

We are deciding the pricing structure which will apply and we plan to start offering for compliant fuels by the end of Q3 or earlier for those clients who decide to agree on contractual terms.

For years, Augusta has been by far the largest petrochemical hub in Italy.

Bunker Energy ambition is to promote Augusta's role and recoup its prime position as a bunkering port for ships sailing cross-Med.

To achieve this, we have initiated a marketing and sales campaign targeted especially for clients who have, until recently, opted to supply their ships in alternative ports, not necessarily close by.

Augusta is no big deal of a deviation for vessels that are sailing through the Mediterranean. Bunker Energy operation is such that major players opt for the Augusta not only for the sheltered bunkering area but also for the high level of service they receive: we are fully in control of all stages of the delivery, from the moment we buy the product to when it gets on board the ships.

Similar steps are being taken for Civitavecchia, where there is a situation comparable to Augusta in terms of tankage volume, around 50,000 cbm vs. 57,000 cbm in Sicily. We expect a much higher demand due to the traffic mainly of roro-pax and cruise ships calling the Roman port.

The supply of HSFO, LSFO and marine gasoil will not be discontinued for thos clients who have opted for scrubbers or have decided to stick to gasoil until any doubts and concerns cast on VLFO have been cleared.

The main input will necessarily have to come from our clients: their needs and requirement will lead us to the constant improvement of our performance which will be ultimately beneficial to them.

We are extremely conscious of the new goal posts on the ground have been moved forward; we are totally confident in our capacity to tackle successfully the very real challenges that lie ahead.

Published: 5 July, 2019

Milestone

Singapore retains titles as Best Global Seaport and Best Seaport in Asia

Port of Singapore has been named the “Best Global Seaport” for the third consecutive year and the “Best Seaport in Asia” for the 35th time at the 2023 AFLAS Awards.

Published

3 days ago

September 29, 2023

Admin

Singapore retains titles as Best Global Seaport and Best Seaport in Asia

The Maritime and Port Authority of Singapore on Friday (29 September) said the Port of Singapore has been named the “Best Global Seaport” for the third consecutive year and the “Best Seaport in Asia” for the 35th time at the 2023 Asian Freight, Logistics and Supply Chain (AFLAS) Awards.

These accolades recognise the contributions by the Port of Singapore serving as a key node in the global supply chain, and Singapore’s leadership in driving maritime decarbonisation and transformation.

The annual AFLAS Awards is organised by freight and logistics publication, Asia Cargo News, to honour leading service providers in the supply chain community for demonstrating leadership as well as consistency in service quality, innovation, customer relationship management and reliability. Winners were determined by votes cast by readers of the publication.

Mr Chee Hong Tat, Acting Minister for Transport and Senior Minister of State for Finance, said: “Singapore is honoured to be named the Best Global Seaport and Best Seaport in Asia. These awards are the result of the shared effort and strong collaboration between the Government, industry, unions and workers. We will continue to grow our port as an efficient, sustainable, and trusted node in global supply chains.”

Mr Teo Eng Dih, Chief Executive of MPA, said: “These awards are testament to the partnership and collaboration between Maritime and Port Authority of Singapore (MPA) with industry and international partners, the research and enterprise community, as well as unions. MPA remains committed to fostering an environment that encourages enterprise, innovation, and talent development.”

“We will continue to work with our partners to enhance Singapore’s connectivity, advance digitalisation efforts, and accelerate the decarbonisation of international shipping in line with the 2023 IMO strategy on reduction of GHG emissions from ships.”

Photo credit: Maritime and Port Authority of Singapore
Published: 29 September, 2023

Employment

Melvin Lum appointed as KPI OceanConnect Global Accounts Commercial Director in Singapore

Lum will take on the position of Commercial Director from Thomas Lee who was recently promoted to Head of APAC in a management restructure within KPI OceanConnect.

Published

3 days ago

September 29, 2023

Admin

Melvin Lum appointed as KPI OceanConnect Global Account Commercial Director in Singapore

Global marine energy solutions provider KPI OceanConnect on Thursday (28 September) announced the appointment of Melvin Lum as Commercial Director for its Global Accounts team in Singapore.

Lum will take on the position of Commercial Director from Thomas Lee who was recently promoted to Head of APAC in a management restructure within KPI OceanConnect.

The Global Accounts team is an expert unit within KPI OceanConnect, specialised in providing long-term, tailored fuel strategy solutions to a portfolio of Key Accounts on a global scale. Dedicated regional teams located in London, Houston and Singapore work seamlessly across the world and around the clock to support their clients.

Lum joined KPI OceanConnect in 2021 as Senior Key Account manager and has made a significant contribution to the development of the team and optimisation of the daily operations of the unit in Singapore. Lum has vast experience across the supply chain and previously worked with TotalEnergies, Glencore and Global Energy Group prior to joining KPI OceanConnect.

Henrik Zederkof, Head of Global Accounts at KPI OceanConnect, said: "It is always a pleasure to witness the growth of our team members, and Melvin's progression is no exception. I have full confidence in Melvin's expertise, ability to lead the unit and dedication to his team. I look forward to seeing the progress of Melvin and his team, which will undoubtedly bring significant value to our numerous partners and the wider organisation.”

"Melvin will assume a pivotal role within the Global Accounts management team, leveraging his extensive experience in supply chain management and profound insight into emerging technologies. In his new role, Melvin will further enhance our team's skill set, aligning them with our ongoing objectives of supporting our partners in their green transition and digitalisation endeavours."

Melvin Lum, Commercial Director of KPI OceanConnect Global Accounts in Singapore, said: "I am very appreciative of the support and confidence from our management team as I take on this exciting new role. I am enthusiastic to work with the team as we continue to deliver an exceptional experience to our partners and stakeholders with dedication, innovation and passion."

Photo credit: KPI OceanConnect
Published: 29 September, 2023

Biofuel

TotalEnergies Marine Fuels renews ISCC EU certification for bio bunker fuel

Firm’s operations teams in Singapore and Geneva successfully renewed its ISCC EU sustainability certification for the supply of biofuel bunkers, says Louise Tricoire, Vice President.

Published

3 days ago

September 29, 2023

Admin

TotalEnergies Marine Fuels renews ISCC EU certification for bio bunker fuel

Louise Tricoire, Vice President of TotalEnergies Marine Fuels recently said the firm’s operations teams in Singapore and Geneva successfully renewed its International Sustainability and Carbon Certification (ISCC) EU sustainability certification for the supply of biofuel bunkers.

“This means that TotalEnergies Marine Fuels can continue sourcing and supplying marine biofuels in accordance with EU renewable energy regulations ensuring the highest sustainability standards,” she said in a social media.

“It's the third year in a row that we have successfully renewed this certification, after a deep and comprehensive audit which showed zero non-conformity.”

She added marine biofuels have grown in demand among shipping companies that want to cut greenhouse gas emissions immediately.

“TotalEnergies Marine Fuels offers marine biofuels commercially in Singapore and we are starting in Europe. This certification enables us to accompany our customers in their decarbonisation journey with the best standard solutions available today.”

Photo credit: TotalEnergies Marine Fuels
Published: 29 September, 2023