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.
Office relocation
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
United States
Other contact numbers and email addresses remain the same (below).
T +1 830 249 8201
F +1 830 249 0985
texas[at]lqm.com
Published: 10 August, 2018
While the new regulation applies to ships, measuring efficiency becomes complex as the charterer usually holds the key to improving operational efficiency.
Emanuela Franchini, formerly from Asamar, joins the international bunkering firm effective 1 May, 2019.
New business to develop international sales and logistics network for Gazprom Neft marine lubricants.
Demand is forecast to rise, but figures for next year are still below the 2019 levels; it is not until 2022 that total oil demand is expected to recover, said Integr8 Fuels.
Some charterers may, in their haste to be sanctions compliant, develop their own AIS “switch off” clauses that might expose owners to being terminated, it said.
Company unable to provide a definitive timetable for completion of audit and publication of results.
OctamarTM HF-10 Plus was subjected to tests conducted at a third party lab by SGS Testing and Intertek in Singapore under the supervision of ClassNK earlier this year, according to spokeswoman.
Former Regional Marine Manager of BP Singapore issued penalty of SGD 6 million; he faces an additional 28-month imprisonment term if penalty is not paid, says Judge.
Sing Fuels claiming over total 1,049.29 metric tonnes of 380 centistokes bunker fuel delivered to bulk carrier Lila Shanghai at Port Elizabeth, South Africa in July 2019, according to court documents.
Reserve Stability Number results are ‘questionable’ as almost all additives targeting asphaltene management show effectiveness in the test, says spokesman.
Singfar International partnering Lianyungang Shenghua Shipbuilding to deliver 7,000 dwt DF bunker tankers from 2023 to support decarbonisation of the Singapore maritime industry.
GSM awarded USD 1.85 million as well as SGD 5,800; Judge finds SFM Director ‘ungrateful and dishonest in his dealings with Bernard and the plaintiff,’ according to Court Judgement seen by Manifold Times.
