Business

Propeller Fuels announces first overseas expansion to Athens, Greece

‘Propeller Fuels Greece’ is the first overseas expansion since the company’s formation in October 2017 and is consistent with its business plan to create a global platform.

Published

6 years ago

November 18, 2020

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UK based Propeller Fuels Limited (PFL) on Monday (16 November) announced the imminent opening of its new representative office in Athens, Greece.

This move, to form ‘Propeller Fuels Greece’ is consistent with the business plan to create a global platform and is the first overseas expansion since the company was formed in October 2017, it said.

PFL is well resourced, has first class supportive shareholders, and is further supported by its banking partner of choice- HSBC. The company added it has a long term vision for global expansion embracing and implementing new concepts and technologies.

For the first 2 years after formation, PFL said it focused on establishing its presence in the UK market with its physical distillate supply offering, with the support of parent company, Oil NRG.

PFL explained it was then able to establish a leading position in this market, thanks to very competitive pricing, quick response times for prompt deliveries, and market leading focus on operations, creating a reliable service.

Oil NRG is presently one of the largest oil distributors in the UK, and has been commended as one of the ‘1000 companies to inspire Britain’.

Propeller Fuels Greece is headed by Nellos Filopoulos, a veteran of the global marine fuels industry, having held senior positions in some of the leading players in the sector.

PFL noted Filopoulos will be supported by several young dynamic traders, each of which have substantial experience in the Greek markets as well as the wider Med and global markets.

“We are thrilled and excited to have Filopoulos’s guiding hand leading our new venture, as well as the team under his command. Nellos and I have been colleagues before so we have a first class working relationship,” said Robert Thompson, MD of PFL.

“His experience, Insight, diligence and most importantly integrity are second to none in this market; so we are 100% confident of the success of this new venture”

“I feel deeply honoured to be given such a wonderful opportunity and strongly believe to the success of this new venture for Propeller Fuels despite the difficult times we are all going through these days,” added Filopoulos.

Photo credit: Propeller Fuels Limited
Published: 18 November, 2020

Alternative Fuels

Singapore-based ONE celebrates maiden voyage of methanol-and-ammonia ready boxship

Following the successful deployment of “ONE Singapore” and its sister vessels, “ONE Solidarity” will be deployed on the Mediterranean Pacific South 2 (MS2) service.

Published

4 hours ago

July 3, 2026

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Singapore-based ONE celebrates maiden voyage of methanol-and-ammonia ready boxship

Singapore-based container shipping company Ocean Network Express (ONE) on Thursday (3 July) said it celebrated the maiden voyage of containership ONE Solidarity as the ship made its first-ever arrival in Shekou, China.

“As one of our S-series methanol and ammonia ready container vessels, ONE Solidarity is another demonstration of ONE’s commitment to sustainable shipping,” the company said in a social media post.

Following the successful deployment of ONE Singapore and its sister vessels, ONE Solidarity will be deployed on the Mediterranean Pacific South 2 (MS2) service.

“Her deployment will boost our service capacity, ensuring faster, more reliable, and highly efficient shipping offerings across key global trade lanes,” the company added.

Photo credit: Ocean Network Express
Published: 3 July, 2026

Alternative Fuels

“Lucia Cosulich” enters final preparation ahead of bunkering operations

Following delivery of the ship in China, it will now enter the final preparation phase ahead of its next operational steps, strengthening Fratelli Cosulich’s ability to provide reliable bunkering solutions.

Published

4 hours ago

July 3, 2026

Admin

“Lucia Cosulich” enters final preparation ahead of bunkering operations

Fratelli Cosulich Marine Energy on Thursday (2 July) celebrated the delivery of Lucia Cosulich at Taizhou Maple Leaf Shipyard in China.

The vessel is the second of four sister methanol-ready IMO II bunker tankers developed within the Group’s fleet expansion programme and follows the launching ceremony held on 2 May 2026.

Designed to support the Group’s bunkering operations and future fuel requirements, Lucia Cosulich is part of the new generation of vessels developed by Fratelli Cosulich Marine Energy to combine operational reliability, safety and fuel flexibility.

Lucia Cosulich will now enter the final preparation phase ahead of its next operational steps, further strengthening the Group’s ability to provide reliable bunkering solutions.

“We wish Lucia Cosulich and her crew fair winds on the next stage of her journey,” the company said.

Photo credit: Fratelli Cosulich
Published: 3 July, 2026

Business

Glencore backs FincoEnergies’ biofuel growth with majority stake acquisition

With Glencore’s support, FincoEnergies is well positioned to continue expanding its offerings in biofuels across multiple transport segments and to increase its presence in new geographies.

Published

4 hours ago

July 3, 2026

Admin

Dutch biofuel supplier FincoEnergies on Thursday (2 July) announced the completion of global commodities trader Glencore’s acquisition of a majority stake in the company, forming a partnership with Coloured Finches.

FincoEnergies said its fuel distribution and logistics infrastructure, customer relationships and expertise in downstream fuel transportation will be complemented by Glencore’s global scale, sourcing capabilities and experience across the energy value chain.

With Glencore’s support, FincoEnergies added it is well positioned to continue expanding its offerings in biofuels and decarbonisation solutions across multiple transport segments and to increase its presence in new geographies.

Jan-Willem van der Velden, FincoEnergies CEO and Founder, said: “Today marks an exciting next step for FincoEnergies. Glencore already knows our business well, and this builds on years of collaboration, trust and shared ambition. With Glencore’s support and global reach behind us, we are in a strong position to continue growing our business and supporting our customers as demand for lower-carbon fuel solutions continues to evolve.”

Maxim Kolupaev, Head of Glencore Energy UK, said: “Glencore’s investment in FincoEnergies strengthens the presence of our business in Northwest Europe and creates a strong platform for future growth. We are looking forward to continuing to work closely with the FincoEnergies team and building on the successful relationship we have already developed together.”

Manifold Times previously reported FincoEnergies signing an agreement with Glencore for the acquisition of a majority shareholding in the FincoEnergies Group in a partnership with Coloured Finches.

Photo credit: FincoEnergies
Published: 3 July, 2026