UK-based independent petroleum and biofuel trading, storage, distribution and retail conglomerate Prax has expanded operations with a new ocean-going bunker tanker, it says.
The 2,000 cubic metre capacity Vadero Highlander will be primarily based at South Falls Head in the mouth of the River Thames, delivering low-sulphur marine gasoil (LS MGO) compliant marine fuel to vessels.
The tanker will assist and benefit from Prax’s established UK storage network, as well as opportunities arising from its growing bunker operations in the Amsterdam-Rotterdam-Antwerp region.
Prax has appointed Charles Meade, formerly of World Fuel Services, and Geert Boden, formerly of Aegean Northwest Europe, to oversee its UK bunker operations.
“With the acquisition of the Vadero Highlander, we are now in a position to increase bunkering volumes in the eastern coastal waters around the UK, offer our bunker services in international waters and make product export shipments to the ports of ARA,” said Meade.
Prax launched its UK bunker operations at the end of January 2019 to offer an alternative location for ship operators working or passing around the British Isles looking for a cost efficient method of bunkering ECA compliant fuels.
“Our bunker operations are performing exceptionally well. We have an outstanding team with in-depth knowledge and vast experience on both the customer and supply side of the business,” notes Sanjeev Kumar, CEO of Prax.
“The launch of the new bunkering operation in the UK, along with the acquisition of the new bunker tanker, demonstrates our commitment to build a robust and reliable supply chain to meet the needs of our customers.
“It is the natural evolution in our progression towards making Prax a leading player in the global bunker market.”
Photo credit: Prax
Published: 7 February, 2019
The 7,990 dwt Marine Vicky will join Sinanju’s 13-vessel bunker fleet in December 2019 to delivering ExxonMobil’s new EMF.5™ Engineered Marine Fuels.
Brazil continues to be of strategic importance to Bunker One, and this expansion is in line with our ambition to strengthen our position in the Americas, said MD.
‘Strong pressure’ from the Korea Development Bank and Korea Eximbank has resulted in the development, says letter seen by Manifold Times.
PortStats is an interactive dashboarding service where users can access near real-time fuel quality based on Veritas Petroleum Services’ fuel quality testing dataset at over 2,600 ports.
Sevastopol was penalised in 2018 by the U.S. for reportedly violating economic sanctions imposed on North Korea and was also briefly held in South Korea.
Course designed for Cargo Officers and Bunker Surveyors operating within the Singapore marine fuels industry; SS648:2019 hardcopies will be given to each trainee.
Universal Alliance, BMS United, Digiland International, Goodwood Associates, Southernpec (Singapore), and Taigu Energy were involved in alleged circular fictitious trades of fuel oil during July 2015.
Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd.
While Covid-19 concerns are important, Captain Rahul Choudhuri was quick to note this does not mean bunker fuel related issues have indeed disappeared from the shipping sector.
‘Therefore, representing the players of the Malaysian bunker industry, we sincerely hope that this matter can be refined and reconsidered immediately so that all parties benefit together,’ says communication.
Maureen Poh, a Director of Helmsman LLC, offers plain practical tips on the differences between US and EU Sanctions and shares some thoughts on what companies could do if they are potentially exposed to sanctioned entities.
‘We [Consort Bunkers] have the opinion that the bunker business in Singapore is not related to the widely reported earlier cargo commodity trading mishaps,’ company source tells Manifold Times.
