Netherlands-based tanker shipping company VT Group is reportedly acquiring Boluda Corporación Marítima’s bunkering business and assets.
Boluda has bunkering operations in Barcelona, Algeciras and Gibraltar, Ceuta, Las Palmas in the Canary Islands, Trinidad & Tobago, and Balboa and Cristobal in Panama – all of which will be purportedly acquired by VT Group.
Valencia-based Boluda has three main operations; Boluda Towage for towing , Boluda Lines for shipping, handling and forwarding and Boluda Tankers for bunkering.
As a supplier, Boluda has an annual capacity of 12 million metric tonnes of bunker fuel, it owns eleven tanker vessels in Spain and four in Panama and Trinidad & Tobago.
“Through this transaction, VT Group is strengthening its position in the bunker hotspots in Southern Europe, Central America and the Caribbean as part of its strategy to grow with its customers in their bunker hubs,” said a company representative.
VT reportedly expects the transaction to close by the third quarter of 2020.
Photo credit: VT Group
Published: 10 June, 2020
Caroline Yang, President of SSA, addresses issues earlier raised by players; including PMC No. 04, the seven-day restriction, contactless bunkering, sampling point, hose connection, and more.
IBIA Asia, ABIS, sources from Singapore’s bunkering and surveying companies, and an industry veteran share with Manifold Times the issues expected from MPA’s latest Covid-19 measures.
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.