BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News





New barge for Turkish bunker supplier

10 Jul 2015 14:04 GMT

Energy Petrol now has 11 vessels in service with an additional two under construction.



Turkish physical bunker supplier, Energy Petrol Shipping Trade Industry Inc., has confirmed the addition of its latest newbuild double-hulled 1750-deadweight-tonne (dwt) bunker barge, the MT Demre 6.

As a result of the addition, Energy Petrol now serves its clients with a total of 11 tankers, including the vessels MT Demre 2, MT Demre 3, MT Demre 4 and MT Demre 6. The MT Demre 2 and MT Demre 3 were constructed in 2013, whilst the 810-dwt MT Demre 4 was built in 2014.

The previously owned MT Demre 1, which was also built in 2013, was recently sold to a third party, as was the MT Demre 5 - a vessel that was only fully constructed a few months ago.

Energy Petrol also operates the Deniz M, which is said to be the biggest bunker barge in service in Istanbul. The 2001-built 3659-dwt vessel (previously named MT Safir) was acquired last year by the Turkish supplier to mainly carry out cargo replenishments.

The four MT Demre barges are able to carry intermediate fuel oil (IFO) and marine gas oil (MGO) at the same time.

An additional two newbuild vessels - the MT Demre 7 and MT Demre 8 - are currently under construction.

In a statement, Mustafa Muhtaroglu, founder and CEO, said that the company had achieved a "20 percent growth" during the first six months of 2015 and was "investing along with our growing business". It follows a statement in September, which said that the company had increased sales in Istanbul during the first half of 2014 - following a decline in the Istanbul bunker market between 2012 and 2013 - and its market share had risen to 15 percent.

Muhtaroglu also explained today that Energy Petrol's barge renewal programme was partly due to tanker regulations phasing out old tankers over time.

"We are proud of providing [a] high-quality, fast, efficient and very on-time service to our clients, and new barges will increase our performance," he added.






Related Links:

Istanbul supplier ready to capitalize on rise in large-sized enquiries
Turkish supplier 'raises standards' with fleet renewal programme
Turkish Bunker Association elects new board of directors and president
Cockett opens office in Istanbul
Turkish supplier chooses flow meter technology

Latest News:

Ceremonies held for MSC Cruises ships with scrubbers
VLCC with '20%' bunker savings delivered to K Line
Vermont Bunkering and staff charged over fraudulent transactions in Singapore
Oil market seems to be struggling to find direction
Oil and fuel oil hedging market update
Aegean expects to launch 'at least one' new bunker supply service in H1 2018
Peninsula signs storage agreement in Houston with HOFTI
Another day in bearish territory?
Oil and fuel oil hedging market update
Aegean posts net loss and 23.2% drop in gross profit
Wartsila launches gas-fuelled version of world's most efficient four-stroke engine
Singapore updates restrictions on selling bunkers to North Korean ships




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events