Geneva-based Minerva Bunkering, a wholly-owned subsidiary of Mercuria Energy Group, on Wednesday (22 December) said it has launched a new marine fuels supply service in the Red Sea ports of Yanbu and Jeddah in the Kingdom of Saudi Arabia.
Duty-free VLSFO, HSFO, and MGO material will be offered to international customers at the locations.
“The Red Sea is one of the shipping industry’s most important waterways yet one that has historically offered limited bunkering options to serve the global fleet,” said Minerva CEO Tyler Baron.
“We believe Minerva’s new operation will support the increasing number of vessels calling these ports as well as provide a highly efficient service with minimal deviation for transiting vessels needing bunkers.”
The supply system is enabled by shoreside bulk cargo storage and two of Minerva’s modern bunker tankers, the M/V Patmos and M/V Halki, both equipped with Advanced Delivery Platform (ADP) hardware and Coriolis Mass Flow Meters.
The ADP system provides hours of time savings via digital documentation, and unparalleled transparency into fuel quality and quantity delivered, according to Minerva Bunkering.
“We have worked closely with Minerva to start this new business in Yanbu and Jeddah, which is aligned with our vision of accelerating growth in the local maritime economy. Minerva’s global scale and innovative solutions will provide shipping customers with a high-quality product and a world-class service,” said the Ministry of Energy of Saudi Arabia.
“We are excited to work with Minerva to expand the scope of bunkering services at the Port of Yanbu to include both domestic and international customers, and this development is in line with the Kingdom’s Vision 2030,” said ATC CEO Ibrahim Al Buainain.
Minerva Bunkering on Monday launched a new physical bunkering supply service in Argentina.
Photo credit: MarineTraffic / Capt.Turboboss
Published: 23 December, 2021
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