International bunker trading firms KPI Bridge Oil and OceanConnect Marine on Monday (3 August) announced the two companies have formally completed a merger to create a new brand and entity, KPI OceanConnect.
The merger, first announced in February 2020, now has full regulatory approval, and creates one of the largest and most experienced independent marine energy service and solutions providers in the world, it said.
KPI OceanConnect has a 170-strong team operating across 15 locations globally, and an established foothold in every major maritime hub and time zone.
KPI OceanConnect added it has a rich maritime heritage dating back almost 50 years, and both KPI Bridge Oil and OceanConnect have a reputation for integrity and trust in the market.
KPI OceanConnect’s CEO, Søren Høll, will be supported by an experienced and diverse management team from both organisations.
“We are delighted to confirm that KPI OceanConnect is now operational,” said Søren Høll, CEO, KPI OceanConnect.
“Our people are our strongest asset and we have got the ambition, commitment and resources to provide unparalleled career and professional development opportunities to our valued team members.
“Our professionals know and appreciate the issues that shipowners and operators are facing. We recognise the need to take a collaborative approach supporting our business partners to overcome the challenges of an ever-changing marketplace.”
“The formation of KPI OceanConnect is timely. The post-2020 market, COVID-19, and the dawn of new, low carbon fuels mean that market dynamics are evolving rapidly,” added S.I. Shim, Head of Asia, KPI OceanConnect.
“Ultimately, to thrive, ship owners and operators want to work with an experienced fuels services provider and a trusted counterparty that has a consultative approach and the financial strength, independence, and flexibility to provide the right solutions to meet their current and future demands.”
Over the next few months, KPI OceanConnect noted it will focus on successfully integrating both organisations, creating a common culture founded on shared values, and exploring the synergies to further expand the company’s service offering and support to business partners.
Photo credit: KPI OceanConnect
Published: 4 August, 2020
IBIA Asia, ABIS, sources from Singapore’s bunkering and surveying companies, and an industry veteran share with Manifold Times the issues expected from MPA’s latest Covid-19 measures.
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
3,490 mt of LSFO from Itochu Enex was lifted at Universal Terminal; the same bunker stem was bought by Global Marine Logistics and delivered by bunker tanker Juma to receiving vessel Kirana Nawa.