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Singapore: Consort Bunkers welcomes first of seven 7,999 dwt ‘K’ series newbuild bunker tankers to bunkering fleet

‘Consort Bunkers will be operating the youngest bunkering fleet in Singapore after complete delivery of the ‘K’ series vessels by late-2023,’ Mr SK Yeo, Founder of Consort Bunkers, tells Manifold Times.

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Singapore-based bunker supplier and logistics services provider Consort Bunkers Pte Ltd on Monday (19 September) took delivery of Pearl Kate, learned Singapore bunkering publication Manifold Times.

The Singapore-flagged 7,999 dwt marine refuelling vessel is the first of seven ‘K’ series newbuild bunker tankers ordered by the company in 2020.

“Consort Bunkers will be operating the youngest bunkering fleet in Singapore after complete delivery of the ‘K’ series vessels by late-2023,” shared Mr SK Yeo, Founder of Consort Bunkers.

“The additional seven new bunker tankers mean we will be owning close to 20 bunker barges.”

According to Mr Yeo, this is the sixth time Consort Bunkers has placed an order for newbuilds over the past 25 years (every 3-4 years since 1995) after being established in 1988.

He was keen to point out the newbuildings, though constructed at a Chinese yard, are built to Japanese ClassNK standards and incorporate several green features.

“All of the major machinery and parts of these bunker tankers are from Japan; we are only using the Chinese yard and manpower to install the equipment,” he said.

“Traditionally, Consort Bunkers used to construct its bunker barges in Japan. It was only from 2013 we decided to build our newbuildings at China while using Japanese designs and equipment in order to save on cost.”

Another factor influencing cost has been the Coronavirus disease (COVID-19) pandemic which introduced various issues affecting bunker tanker deliveries within the past two years.

“We were initially expecting an earlier delivery for the ‘K’ series of bunker tankers but the COVID-19 pandemic resulted in physical deliveries of many vessels being delayed by between six to nine months,” Mr Yeo pointed out.

“Recovery from the pandemic has also caused a rise in iron ore, resulting in a 30% increase for the price of steel plates over the last two years. Compared to now, it was much cheaper to place an order for newbuildings two years ago – a fortunate decision which we took.”

Moving forward, Mr Yeo notes Consort Bunkers’ next newbuilding order to include plans for bunker tankers capable of supporting alternative bunker fuel delivery operations.

“We are expecting our next newbuilding order to reflect what the market desires in terms of alternative marine fuels,” he shared.

“We are aware the Maritime and Port Authority of Singapore has introduced the Maritime Singapore Decarbonisation Blueprint: Working Towards 2050 document and eagerly await to support the shipping industry’s adoption of new types of marine fuels.

“Our next bunker tanker newbuilding order, where we will be building in accordance to market requirements, will be reflective of this.”

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Related: Consort Bunkers acquires five bunker tankers in Q4; orders up to seven more newbuilds from China
Related: Consort Bunkers takes productivity to new levels with latest fleet expansion

 

Photo credit: Consort Bunkers
Published: 22 September, 2022

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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.

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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

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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.

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“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. 

Related: Fratelli Cosulich launches second methanol-ready bunker tanker in China

 

Photo credit: Fratelli Cosulich
Published: 3 July, 2026

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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.

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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.

Related: Glencore acquires majority stake in Dutch biofuel supplier FincoEnergies

 

Photo credit: FincoEnergies
Published: 3 July, 2026

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