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Signal Group launches tech enabled bunker procurement company Shipergy

Shipergy will initiate operations with the bunker requirements of the Signal Maritime pools and is planning to extend procurement services to selected third parties.

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Diversified shipping services company Signal Group on Thursday (30 June) said it has launched Shipergy, an innovative bunker procurement company. 

The new company is led by former LQM CEO, Daniel Rose and operates from offices in London and Athens.

Shipergy will initiate operations with the bunker requirements of the Signal Maritime pools. Taking advantage of economies of scale and operational efficiencies, the new entity will also look to extend procurement services to selected third parties.

Using its team’s expertise, Shipergy will place immediate emphasis on the quality of the procured bunkers and the sourcing process.

Leveraging the Signal Group’s technology stack and digital pedigree, Shipergy’s vision is to progressively become the most advanced bunker procurement company that is well positioned to play a role in the shipping industry’s evolution towards decarbonisation and efficiency. 

Shipergy will now begin building its own services that will deliver greater value to the Signal pools and external companies in the future.

Despite the creation of a new entity, there will be no change in operational personnel at Signal Maritime. Signal’s incumbent bunker procurement team will now handle procurement through Shipergy, and additional staff will be added in the near future to increase operational bandwidth. 

The Group’s main fuel suppliers were informed of the changes in February this year, and all credit lines have been switched to the new entity, which has been operational since 27 June.

Daniel Rose, CEO of Shipergy said: “I am delighted to be leading a new company within the Signal Ecosystem. Sourcing on-spec bunkers at the right place, at the best price, is critical to the success of Signal’s pools. Looking to the future, we see challenges and opportunities from the decarbonisation and digitisation of the shipping industry. The bunkering sector is still adapting to these challenges, but by building a bunker procurement business within the domain of one of the shipping industry's most prestigious and forward-thinking groups, we intend to be a catalyst for change over the coming years.”

Panos Dimitracopoulos, CEO of Signal Maritime added: “This is another important milestone in our development and will significantly add value to the service we provide to our pool members. Being able to call upon a highly efficient, transparent and quality controlled bunker procurement operation is critical to our business and positions us to face the challenges of fuel transition in the shipping sector.” 

Photo credit: Signal Group
Published: 1 July, 2022

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Winding up

Singapore: Liquidators arrange creditors meeting for Otto Marine Limited

Meeting will be held from 3pm on 24 July at 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095, according to Government Gazette notice.

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steve pb from Pixabay

A meeting for creditors of Otto Marine Limited, which is in liquidation, has been scheduled to take place on 24 July, according to a Government Gazette notice on Thursday (11 July). 

The meeting will be held from 3pm at 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095

The agenda of the meeting will be as follows:

  • To update on the liquidation administration;
  • To approve the Liquidators’ fees and disbursements;
  • To approve the declaration of preferential dividend(s) pursuant to Section
  • 328(1)(b) to 328(1)(f) of the Companies Act, Cap. 50;
  • To consider and if thought fit, to appoint a committee of inspection; and
  • Any other business.

The details of the liquidators are as follows: 

Chee Yoh Chuang
Lin Yueh Hung
Liquidators
c/o 8 Wilkie Road
#03-08 Wilkie Edge
Singapore 228095

 

Photo credit: steve pb from Pixabay
Published: 12 July, 2024

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LNG Bunkering

Titan completes first STS LNG bunkering operation in Cuxhaven

Port of Cuxhaven in Germany had previously only seen LNG operations conducted via truck and currently only permits LNG bunkering at one berth, says Titan.

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Titan completes first STS LNG bunkering operation in Cuxhaven

LNG bunker fuel supplier Titan on Thursday (11 July) said it completed the first-ever LNG bunkering operation by ship in the port of Cuxhaven.

Titan’s bunker vessel Optimus successfully delivered LNG to dredger Vox Ariane operated by its long-term client Van Oord. 

“Our ship-to-ship bunkering in Cuxhaven represents a pioneering step in the region's LNG infrastructure development, as the port had previously only seen LNG operations conducted via truck and currently only permits LNG bunkering at one berth,” it said in a social media post. 

“LNG infrastructure development is part of a broader trend, with more ports across Germany adopting LNG operations to support shipping’s clean fuels transition.”

Titan added the improved LNG bunkering capabilities in Cuxhaven, a Niedersachsen Ports GmbH & Co. KG port, also opened up the pathway to maritime decarbonisation via liquified biomethane (LBM) and then renewable e-methane going forward.

 

Photo credit: Titan
Published: 12 July, 2024

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LNG Bunkering

UECC “Auto Achieve” receives first LNG bunker fuel delivery by barge in home country

Firm said it received the first ever supply of LNG by barge to their multi-fuel LNG battery hybrid car carrier in the Port of Drammen, Norway.

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UECC “Auto Achieve” receives first LNG bunker fuel delivery by barge in home country

Norwegian roll-on/roll-off shipping line United European Car Carriers (UECC) on Wednesday (10 July) said it received the first ever supply of LNG by barge to their multi-fuel LNG battery hybrid car carrier Auto Achieve in the Port of Drammen on 4 July.

The firm said this was the first time UECC received LNG by barge to any of their vessels in their home country Norway. 

“We also believe that it was the first time LNG was delivered by barge to any vessel in Drammen, and most likely the entire Oslofjord,” UECC said in a social media post.

The LNG was supplied by the Molgas Energy Holding vessel Pioneer Knutsen, owned by Knutsen Group OAS.

“UECC is very pleased to see the expansion of the LNG barge network in Norway,” it said. 

 

Photo credit: UECC
Published: 12 July, 2024

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