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



Oldendorff sets bunker volume record as deliveries jump 27%

Number of stems rose to 6,232 in 2017 as volume purchased reached 3.5 million tonnes.



The Alwine Oldendorff, operated by Oldendorff Carriers. Image credit: Oldendorff


Updated on 09 Feb 2018 10:08 GMT

Oldendorff Carriers purchased a record amount of marine fuel last year, Jens Maul Jorgensen, director of the firm's bunker desk, has told Bunker Index.

In 2017, Lubeck-headquartered Oldendorff bought 3.5 million tonnes of bunkers overall, which was a 30 percent increase on the 2.7 million tonnes purchased the year before.

Jorgensen explained that the rise was due to the expansion of the dry bulk shipping firm's fleet and an increase in activities.

During the course of 2017, Oldendorff's fleet varied between 600 and 700 owned and chartered ships, with 6,232 bunker deliveries performed.

The previous year, Oldendorff had recorded 4,891 bunker deliveries, which means that the number of stems rose year-on-year (YoY) by 1,341, or 27.4 percent, between 2016 and 2017.

The leading bunker purchasing port for Oldendorff last year was Singapore, accounting for 1,250,373.537 metric tonnes (mt), or 35.7 percent of the total amount delivered.

Other key bunker-buying locations were Russia (553,328.039 mt), China (373,532.953 mt), UAE (181,625.160), Gibraltar (178,603.841 mt), Amsterdam-Rotterdam-Antwerp (ARA) (154,177,130 mt) and South Africa (106,691.397 mt).

According to Jorgensen, Singapore and China had "in general" seen the biggest YoY percentage increase of the company's key delivery ports. He also added that "all top ports increased".






Related Links:

Sentek named Singapore's top supplier by sales volume in 2017

Latest News:

VPS issues flash point distillate alert for New York
Viking Line's bunker costs rise 3.6% in H1
Global Risk Management hires former Geos trader
Maersk profitability 'significantly impacted' by higher bunker costs
Oil and fuel oil hedging market update
Coming up: oil rig count, US production data and meeting between US and China
Done in a month: Mercuria takes 30% stake in Aegean as refinancing transaction is agreed
Higher bunker prices add EUR 4.1m to operating costs: Containerships Plc
Torm to install scrubbers on 14 ships in new initiative
Earnings growth dampened by lag in recovery of higher bunker costs: DFDS
Oil and fuel oil hedging market update
Brent closed at around four-month low yesterday




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
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