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





Bomin closes offices in London and Athens

07 Nov 2016 07:48 GMT

MD: 'It is critical for us to concentrate on operations that support our business model'.



Bomin Group, a physical supplier and trader of marine fuels, has announced that it will be closing its offices in Athens and London.

Explaining the reason for its decision, Bomin said that, in order to meet the needs of its clients moving forwards, it would be investing in key areas - as it has done recently in Singapore and Europe.

"The marine fuel supply chain is experiencing significant transition and change, in line with new regulations and added complexity. It is therefore critical that Bomin's global infrastructure and resources are invested in the right areas to ensure it can meet the customers' requirements. As part of this process the company has increased its physical infrastructure in key areas including Singapore and in Europe, in line with its value driven physical trader model," Bomin said.

According to the Hamburg-headquartered firm, the offices in Athens and London no longer form part of its business plan.

"In future, Bomin will not focus resources where there is no strategic alignment with its overall business strategy. As a result the company has taken the decision to close its operations in Athens and London. Existing customers in these regions will be serviced through Bomin's global network," Bomin said.

Thomas Roller, Managing Director, Bomin Group, remarked: "In this new era for bunkering, success will be defined by investing resources in areas that drive growth, and in creating a strong and a robust infrastructure to meet ship owners' increasing challenges in relation to the marine fuel supply chain. Therefore, it is critical for us to concentrate on operations that support our business model. We want Bomin to be the preferred partner of choice for fuel supply, founded on ensuring quality, integrity, and commercial responsibility, as well as respected for running a profitable and sustainable business."

The development comes less than a month after Bomin's decision to sell its shareholding in the joint venture LNG bunkering business Bomin Linde LNG. The company's 50-percent stake in Bomin Linde LNG, which was established in 2012 with joint venture partner Linde AG, was acquired by Linde AG. It now owns all the shares in the business.

Commenting on the reason for the decision last month, the German bunker specialist said: "Bomin took the decision based on the speed of transition within the marine fuel supply chain in line with changing regulations. The demand for LNG has been slower than anticipated, and while LNG remains a viable clean fuel product, Bomin's focus in the short to medium term will be on other alternative products that meet emissions regulations."

Bomin is 100 percent owned by Mabanaft, which is the trading division and subsidiary of Marquard & Bahls AG. Other subsidiaries are: Oiltanking, Skytanking and Mabagas.

Image: Bomin's head office in Hamburg, Germany.




Related Links:

Bomin sells stake in LNG bunkering business
Time-charter agreement for LNG bunker supply vessel
Bomin expands physical supply operation in Singapore
Bomin launches physical supply operation in Mauritius
Bomin appoints head of global sales
Bomin Deutschland GmbH & Co. KG
Greece
United Kingdom

Latest News:

Another first for Wartsila as wireless charging for hybrid coastal ferry is 'successfully' tested
Scandlines hails bunker-saving summer for hybrid ferries
BHP, GoodFuels to collaborate on biofuel bunker project in Singapore
The OPEC / non-OPEC meeting takes centre stage
Oil and fuel oil hedging market update
Fluxys focuses investment on Zeebrugge's fifth LNG tank and second jetty
Rolls-Royce and Inmarsat sign ship energy management agreement
Bullish market sentiment remains, short-term dark horse could be meeting comments
Oil and fuel oil hedging market update
Dorian LPG and ABS to conduct feasibility study of LPG as marine fuel
CO2 reduction addressed at ECSA seminar
World's first dual-fuel boxship conversion completed




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 de Janeiro
Rotterdam
Santos
Singapore
Directory
Africa
Asia
Central America
Middle East
North America
North Europe
Oceania
South America
South Europe
Directory
Germany
Gibraltar
Greece
Hong Kong
Italy
Japan
Netherlands
Panama
Russia
Singapore
South Africa
South Korea
Spain
Turkey
United Arab Emirates
United Kingdom
United States
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
Events
Upcoming Events