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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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Arkas achieves 53% jump in sales to take market share up to a third

Company is ranked top supplier in Turkey with sales of 677,001 tonnes last year.





Updated on 02 Mar 2016 09:31 GMT

Arkas Bunkering has been ranked as the leading bunker supplier in Turkey by the country's Energy Market Regulatory Authority (EMRA) - or Enerji Piyasasi Düzenleme Kurumu (EPDK) in Turkish.

According to EPDK's 2015 Fuel Oil Market Report, Arkas Bunkering's sales increased by 233,932 tonnes, or 52.8 percent, to 677,001 tonnes last year, up from 443,069 tonnes in 2014.

In an emailed statement on Tuesday, the company said: "Arkas is not only increasing its own market share but contributing to the growth of the Turkish bunker market. With its sizeable position in the global arena Arkas Bunkering supplies one out of three ships taking on fuel in Turkey."

In November, Arkas announced the addition of Turkey's biggest bunker vessel to its fleet. The 4,137-deadweight-tonne (dwt), 90-metre-long M/T Çesme is the company's sixth barge. It is double-hulled and Turkey-flagged - like the other five vessels in Arkas Bunkering's fleet.

In addition to its fleet of six vessels, Arkas Bunkering also operates two terminals in the Marmara Sea region, from where it manages its entire bunker delivery process.

Towards the end of last year, Arkas claimed that it was bunkering one out of every three vessels that refuel in the country.

"A report published by Turkey's Energy Market Regulatory Authority (EMRA) states that Arkas Bunkering - not only the biggest fuel oil provider in Turkey but also the company that purchases the largest amount of fuel from abroad - has an important market share in the world bunker market with sales of up to 1 million tons and supplies one out 3 vessels bunkering in Turkey," the company said in November.

Sales of marine fuel in the country's leading bunker port, Istanbul, are currently estimated at around 2 million tonnes per annum.






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