UK fuels supplier Greenergy is expanding operations to the marine fuels sector after, says its Chief Executive.
The company made the decision after investing in infrastructure in order to import and supply its own fuel products.
“Changes to marine fuel specifications in 2020 are making marine fuels more similar to the road fuels that we currently supply,” explained Andrew Owens, Greenergy.
“We therefore intend to build on our existing distillate supply chains to blend, store and supply marine fuels, both in the UK and further afield. Varun brings a wealth of experience to this project and we welcome him to the team.”
As part of the development, Greenergy has appointed Varun Chhabria to lead its expansion in the marine fuels sector; he joins from Certas Energy but is already well-known within Greenergy, having previously worked at Inver Energy.
“The combination of Greenergy’s scale in the UK and its international expansion make this an exciting time to be joining the company,” says Chhabria.
“The company has strength and depth across its business and I look forward to working with colleagues old and new as we expand Greenergy’s low-cost/high service offer to marine fuel customers.”
Greenergy operates as a “midstream supplier”, moving fuel products from the refinery gate to petrol filling stations and customer sites in the UK and Canada, and supply fuel from 28 terminals across the UK.
The company owns or manages stock at eight terminals across the country including at Thames, Teesside, Clydebank, Ross, Cardiff and Plymouth.
Published: 25 October, 2018
Current low prices for road and aviation fuels in September could mean another increase of flashpoint off-spec cases for MGO when players start introducing the products back into the bunker stream.
Some bunker suppliers at various ports have even achieved their sales target for the year; the trend doesn't seem to be slowing down and suppliers are expecting a boom during end of September.
The company has entered a memorandum of agreement with Millenium Satu Ltd to acquire the 7,550 dwt oil tanker to increase service flexibility; vessel will be paid over an installment period of 36 months.
Deloitte & Touche JMs believe IPP has a viable claim against Dr Goh Jin Hian for breaches of his director’s duties to act with skill, care and diligence which he owned to IPP, states court document.
An earlier MPA notice outlined precautionary measures for personnel to observe when conducting marine refuelling operations at port in order to minimise the risk of contracting Covid-19.
Mok’s offence affected public confidence in the use of the MFM system onboard Singapore bunker tankers, and caused an embarrassment to the MPA, said Deputy Public Prosecutors.