Mabanaft, the trading division of Hamburg-based independent energy supply, trading and logistics group Marquard & Bahls (M&B), which oversees operations of bunkering firms Bomin, Matrix Marine and NWB Bunker recorded ‘unsatisfactory’ bunkering results in 2017, says its parent.
“The Mabanaft group realised strong sales, with a mixed overall business performance,” notes M&B in comments regarding its 2017 financial results.
“While wholesale trading and bunkering recorded unsatisfactory results, the positive trend in the retail sector continued.
“The merger of trading activities into ‘Global Books’ and further adaptions form a strong basis for the trading businesses future international growth.”
The trading group posted total oil product sales volume of 27.2 million metric tonnes (mt) during 2017, a 9.7% increase over 24.8 million mt in the year before.
Overall, M&B ended 2017 with net income of EUR 34.6 million and operating result of EUR 200 million.
“The tank storage logistics division again made a strong contribution,” it says.
“Aviation fuelling and the end-consumer business also achieved good to very good results.”
Oiltanking, the group’s tank storage logistics arm, recorded a successful albeit mixed year for 2017.
“Some sites saw a decline in capacity utilisation. At the same time, many contracts were extended and several major projects advanced,” it explained.
“In Matola, Mozambique, Oiltanking successfully commissioned a new tank terminal.”
At year-end, Oiltanking operated 80 terminals in 25 countries, with a total capacity of 21 million cbm.
M&B’s aviation fuelling division, Skytanking, had a good business year and continues its expansion.
“Many sites in Europe, India and Africa reported an increase in throughput volumes,” it shares.
“Key events included the start of aviation fuelling in Malta, and the acquisition of the Sun Jet Services Group in Germany.
“Following this transaction, Skytanking is now the market leader for aviation fuelling in the German, Switzerland and Austria region.”
At the end of 2017, Skytanking was represented at 71 airports around the world and recorded a total throughput of 18.1 million cbm of jet fuel.
Moving forward, M&B stated its intent to strive for further international growth in the future.
“The focus is on expanding the core activities of trading, tank storage logistics and aviation fuelling.
“The strong operating base and solid financial position provide a good starting point for future projects and plans.”
Photo credit: Marquard & Bahls
Published: 1 June, 2018
New office cements firm’s continued growth strategy and opens its presence across Asia, offering closer connection with city state’s decarbonisation initiatives.
Resolutions regarding Nan King Maritime (Pte.) Ltd (Reg.no. 200814303G) were made on Wednesday (6 October), according to a public notice.
Shi joins Sing Fuels from GP Global where she was working as a Base Oil trader, and prior to GP, she was with ICIS China for 7 years as an independent market analyst.
Grant Thornton Singapore has been selected as joint and several liquidators of the Company for the purpose of the winding-up, according to a Government Gazette notice.
Ocean Tankers, which already owns 136 vessels, has to date placed orders for 28 tankers from various yards.
Measures extended to arriving vessels with recent travel history from mainland China, Iran, northern Italy or the Republic of Korea in the past 14 days.
Transferred shares of 40 subsidiaries to BVI firm after tribunal awarded claims in favour of Trinity Seatrading; YSPL has also filed a civil complaint against DNV and Liberian ship registry at Nanjing Maritime Court.
ADNOC L&S, Gulf Energy Maritime, Cockett Marine Oil, Mideast/Bahri Ship Management and VPS experts present their views on biofuel bunker hurdles at the VPS Biofuels Seminar in Dubai on 16 March.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.
