US-headquartered bunker broking and trading specialist LQM Petroleum Services, LLC has announced the acquisition of Ches Bunker Services, LLC.
Commenting on the news, Morten Eggert, CEO of LQM, said: "The purchase of bunker brokerage Ches Bunker Services only reinforces our already strong brokerage presence in the Texas and US Gulf region. The staff at Ches have more than 30 years of experience on the supply and brokerage side of the bunker business."
Founded in 2015, Ches Bunker Services has been offering marine fuel broking solutions throughout the Americas. The company's managing director, Antonio Rosas, began working as a bunker manager for Venezuela's PDVSA back in 1990, where he managed the firm's bunker office in Caracas and also its sales operation in Rotterdam and Antwerp. Since then, he has gone on to serve as bunker manager for GAC in Houston and Senior Bunker Trader for Integr8 Fuels, also in Houston.
Last year, Ches Bunker Services joined forces with US-based oil products supplier and trader Novum Energy to offer marine fuel in Yabucoa, Puerto Rico.
Novum has been renting storage at the Buckeye oil terminal in Yabucoa and supplying 380 centistoke (cSt) fuel oil and 0.1% sulphur marine gasoil (MGO) via pipe, whilst Ches Bunker Services had been handling enquiries, acting as broker in the partnership.
Eggert also confirmed on Thursday that LQM has relocated to a new office in Boerne, Texas.
"LQM is expanding to a new office in Texas to accommodate their growing staff requirements heading into 2020," the CEO explained.
Antonio Rosas, now bunker broker/trader at LQM, is also based at the new Texas premises.
The office address is:
371 N. Main Street, Suite 202
Boerne, Texas 78006
Other contact numbers and email addresses remain the same (below).
T +1 830 249 8201
F +1 830 249 0985
Published: 10 August, 2018
Glander International Bunkering (Norway) AS seeking payment of USD 115,963.52 (not including contractual compensation and interests) from the vessel’s demise charterer, according to court documents.
“In TotalEnergies, we already have projects along the e-Fuel value chain, from green electricity and green / blue hydrogen to e-Fuel production that will be integrated along the marine fuels value chain in time to come,” shares Louise Tricoire.
Buyers can nominate deliveries on platform and plan operations together with suppliers following ‘one single truth’ concept with all players aware of what has been agreed when and by whom, says DNV spokesman.
Rotterdam’s intention to mandate the usage of MFMs goes down well with licensed bunker supplier VT Group; MFM providers supportive of move but stressed continuous monitoring is needed for optimum performance.
Cost of alternative bunker fuels, bunker operations and technology advancement are some considerations to be examined by the maritime industry, says Neo, director of SDE International Pte Ltd.
Kim Hyung Joon and Han Donghoon were planning to join the Singapore entities of Hartree Group - either Hartree Partners Singapore Pte Ltd or Hartree Marine Fuels - in October, discovered management.