Qatar-listed fuels marketing and distribution firm Qatar Fuel (WOQOD) posted a 9.2% rise in net profit for its 2017 financial year.
The company recorded net profit of 964 Million Riyals in 2017 compared to 883 Million Riyals in 2016.
Regarding developments in the bunkering sector, the company noted the start of a business arrangement with Qatar Petroleum in relation to “Ship to Ship” bunkering operations from bunkering facilities in Ras Laffan during 2017.
This resulted in bunker fuels sales increased by 10 times during the period, said Engineer A-Muhannadi.
Overall, sales of other fuels have increased by 6%; this included bitumen (275%), gas (12.2%) petroleum retail sales (26.1%), and non-petroleum retail sales (11%).
Moving on, he noted the company being engaged in an “ambitious plan” for increasing its stake of the market for distribution and transportation of petroleum products, gas, bitumen, bunker fuel, oils and lubricants.
“The Board has reviewed and endorsed the present and future plan and strategic priorities of the company for the period 2018-2022,” he says.
“The company has an ambitious plan for increasing its stake of the market for distribution and transportation of petroleum products, gas, bitumen, bunker fuel, oils and lubricants.”
Published: 1 March, 2018
Toshi Nakamura, executive officer at NYK, participated in the session "The Way of Producing and Using ‘Clean LNG’” to brief delegates on the firm’s plans.
World’s first laser-based targetless relative DP reference system on LNG bunker tanker Kairos helps to enable safe bunkering at sea.
Discount granted to inland navigation vessels with Green Award Platinum label, says port.
For crew changes to take place safely, MPA continues to expect all owners, agents, ships and individuals to ensure that the COVID-19 preventive measures are followed strictly.
‘The drop of profit from this segment was offset by the port management segment which registered a revenue and PBT of RM3.1 million and RM1.0 million,’ it said.
To enable an efficient supply that can deliver quantities of 100% renewable and carbon free green ammonia to the market with zero carbon bunker fuels.
‘We are here to transfer the extremely valuable knowledge gained over the past six years to the maritime sector, such that our customers are comfortable in the use of such biofuels,’ states CEO Olivier Baiwir.
Newly appointed Anthony Mollet speaks to Manifold Times about his role, vision, value proposition and plans for the Marine Fuels Alliance to become a wide-reaching and engaging bunkering industry association.
SFP will be retrofitting VPT’s existing bunker vessel with its Full Electric Ready (FER) system and seeks to commission the vessel in the second quarter of 2022, CEO of SFP George Lee tells Manifold Times.
Equatorial Marine Fuel Management Services, Oldendorff Carriers, Lloyd’s Register and organisers took part in a Bunker Quality Claims Webinar moderated by Manifold Times on 10 November.
‘Though it did introduce temporary commercial and operational disruptions, we took a constructive view of the situation and chose to use this event as a learning opportunity,’ shares a Consort Bunkers spokesperson.
Gealubes Consulting & Trading, the authorised marine business distributor of PANOLIN EALs at Singapore port, shares a two-part education series on Environmentally Acceptable Lubricants on Manifold Times.
30 Nov 2021
