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

Probunkers reveals plan to become major LNG bunker player

Business aims to set up LNG bunkering operation in seven key global locations.

Image credit: Probunkers

Updated on 11 Jun 2018 09:51 GMT

New LNG bunker company Probunkers has revealed its plan to become a major global player in the LNG bunkering sector.

The Greece-based business has set itself the task of designing, building and operating a fleet of modern LNG bunkering vessels to meet the changing needs of global shipping.

Ultimately, Probunkers' role will be threefold: as a physical supplier, LNG trader/seller and barge owner and operator.

The company aims to set up bunkering operations in seven key locations - ARA, Gibraltar, Fujairah, Singapore, Busan, Hong Kong and Houston - which, it says, will enable it to gain 37 percent coverage of global bunker demand.

The project will cover a number of key areas: planning, financing, implementation, operations and sales.

The multi-layered business model will involve LNG buying and selling, logistics and marketing, as well as investment, trading and finance.

The Probunkers project is to be developed in four stages: strategy and feasibility (8-12 months), planning and design (1 year), implementation and construction (2 years), and operation (in 2022).

Probunkers' major shareholders are Oceanking Technical Trading SA and ADGF Prokop Ltd. Oceanking is a technical and commercial marine company established in 1989 with experience in shipbuilding, shiprepairing, sales and ship operations, whilst ADGF Prokop Ltd is a holding investment company established to invest in the probunkers project.

The board of directors comprises Panos Yannoulis, president and chairman; Costas Hassiotis, executive board member; and Alexander Prokopakis, CEO and Secretary of the board.

Both Yannoulis and Hassiotis have an educational background in naval architecture and marine engineering. Yannoulis is a member of the Technical Chamber of Greece, the Hellenic Association of Naval Architects & Marine Engineers and a Fellow Member and ex-President of the Hellenic Institute of Marine Technology, whilst Hassiotis is a member of the Hellenic Institute of Marine Technology and a founding member of the Hellenic Branch of the British Institute of Marine Engineers and Naval Architects.

Prior to founding Probunkers, Prokopakis served Mamidakis Brothers Group as a senior executive, leading all of the group's shipping, bunkering and aviation activities via its respective companies: JetOil, JetTank and STYGA Compania Naviera.

Prokopakis, commented: "I anticipate 2018 to be a landmark year for the expansion of LNG as a marine fuel into shipping. We are determined to turn Probunkers into a world-class investment opportunity and fulfil our vision to build a reliable global-scale LNG bunkering network."

Related Links:

Hellenic Petroleum posts 18% rise in 2017 bunker sales
FueLNG and Pavilion Gas awarded S$6m to build LNG bunker vessels
Gazprom, Mitsui form advisory body for joint LNG projects
Case study on world's first purpose-built LNG bunkering vessel published
Fluxys to build permanent LNG bunkering facility in Antwerp

Latest News:

IBIA posts advice following spate of fuel quality issues
Oil and fuel oil hedging market update
Port infrastructure 'ill-prepared' for LNG bunker growth: Costa Cruises
Costa Cruises outlines fuel-related measures in Sustainability Report
VLCC with bunker-saving features delivered in China
Oil prices dropped sharply on Friday on various news and events
Van Oord inks accord to test semi-dry scrubber system
Fenosa performs Valencia's first LNG bunker delivery
Pilot agreement signed for fuel-saving 'car wash for ships' in Rotterdam
Oil and fuel oil hedging market update
Bunker boost for Australia as Carnival confirms record cruise sailings
Saudi/Russia back exit from oil production deal, Libya supply disruptions

Page Links:

Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Cape Town
Las Palmas
New Orleans
Rio de Janeiro
Latest News
Middle East
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Fuel Quality
Lubes & Additives
Oil Spills
Port News
Services, Products, Technology
Statistics & Research
Contact & Terms
Contact Us
Terms & Conditions
Privacy Policy
Upcoming Events