Two shipping companies, namely J. Lauritzen and DFDS, have recently joined forces to form bunker purchasing outfit DeaL Energy.
The new unit will share knowledge and resources in order to optimise and strengthen the purchasing power for both companies, notes the new company.
“The aim is also to attract other shipping companies to use DeaL Energy for handling their bunker procurements,” it states.
“Despite DeaL Energy being a new company, it is well anchored in the bunker industry as it is built on J. Lauritzen Bunkers desk, that has been procuring bunkers worldwide for more than 30 years for the J. Lauritzen fleet, and also for several other companies.”
Four experienced bunker specialists from the J. Lauritzen Bunkers desk are now all working for DeaL Energy A/S, according to the new company.
“Therefore, the company is already well known and respected worldwide,” it claims.
“On an annual basis the company is purchasing in more than 150 ports using close to 100 different suppliers and traders.
“Only approved suppliers/traders are used and there is a high focus using the BIMCO terms 2018 for the purchases ensuring safe and balanced terms for both parties and ensuring a proper quality of bunkers bought.”
DeaL Energy notes it is experienced in purchasing bunkers for Bulk Carries, Gas Carriers, Tankers, Passenger vessels, Reefer vessels and RoRo/RoPax carriers.
“For many years the purchasing has been fine-tuned and today the company is able to provide a ‘One Stop Shop’ that includes; timing of purchase, support and guidance to operation and chartering teams on bunkers related matters, arrange the bunkering at competitive prices and cover post bunkering aspects and tasks.”
‘MFMs will continue to have a place within the bunkering sector even when the shipping industry continues to adopt new types of marine fuels, such as LNG, biofuel, methanol, ammonia and hydrogen,’ states spokesman.
Current ISO 8217 bunker fuel standard not comprehensive enough for biofuels; National Mirror Committee working with local players to develop more comprehensive biofuels standard for Singapore, says Capt. Rahul.
‘There are some important differences between VLSFO and biofuels, and as a result, parties should consider whether additional changes should be made to biofuel bunker contracts,’ says Paul Collier.
Quek Rong Hong first joined Shell sometime in 2005 and had held the position of Blending Specialist from November 2017. At the time of arrest, his monthly basic salary was about SGD 4,300, showed documents.
Glencore previously commenced Singapore International Arbitration Centre Emergency Applications against Straits Pinnacle but those applications were dismissed, according to documents obtained by Manifold Times.
Captain Segar, MPA Assistant Chief Executive, Operations, to be also joining IBIA for the game where proceeds will be channelled into an IBIA Bursary Fund for supporting students to obtain a maritime studies degree.