TFG Marine, the global marine fuel supply and procurement company created by Trafigura and shipping firms Frontline and Golden Ocean, on Tuesday (21 April) was granted approval by the Maritime and Port Authority of Singapore (MPA) to become a Bunker Supplier and a Bunker Craft Operator serving the vessels visiting the country’s port.
“This is excellent news, particularly as Singapore is the largest bunkering hub in the world,” said Anders Grønborg, who joined TFG Marine as Chief Executive Office in April 2020 to oversee the company’s ongoing expansion efforts.
“TFG Marine adds value by providing an end-to-end service, integrating its expertise in commodity trading with marine fuels supply infrastructure and logistics.
“As a very strong counterparty in the marine market we look forward to serving the thousands of vessels visiting the Port of Singapore each year efficiently, reliably and responsibly.”
TFG Marine will supply HSFO, MGO and VLSFO bunker fuel to bulk carriers, oil tankers and container vessels calling at the Port of Singapore by May 2020, it says.
In time, TFG Marine notes its fleet in Singapore will include clean-energy dual-fuel bunker barges, to drive sustainable bunkering activities.
The operations will also benefit from Trafigura’s many years of experience supplying marine fuels to the Port and extensive local infrastructure including significant marine fuel storage, it adds.
TFG Marine states it aims to scale up its global footprint, which already includes extensive bunkering operations in South and West Africa, Panama and Ecuador, with plans to announce further developments in Asia, as well as in Europe and the Americas.
Related: Singapore: Minerva Bunkering and TFG Marine obtain bunker supplier license
Related: Anders Gronborg appointed new CEO of Singapore-based bunkering firm TFG Marine
Related: Trafigura joint venture TFG Marine starts bunker trading operations at Singapore
Related: Trafigura forms bunkering JV with Frontline and Golden Ocean
Photo credit: Manifold Times
Published: 22 April, 2020
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