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OW Bunker, one of the world’s leading physical distributors and resellers of marine fuels, has today announced the launch of its third barge in Singapore.

In a statement, the company said that the move forms part of its strategy to continue the expansion of its physical operations in the region.

The vessel, Marine Noel, is operated by Sinanju Tankers Pte Ltd. It is a modern, 4,700 DWT barge, built in 2012. It has been operational for OW Bunker from June 2014 and has already carried out initial deliveries.

The Marine Noel has a Coriolis flow meter installed, which has been approved by the Maritime and Port Authority of Singapore (MPA). The delivery vessel also has "fast pumping rates and can distribute the full range of quality products to customers," the company said.

"We are pleased to continue the expansion of our physical operation in Singapore. Asia is a critical region for OW Bunker, and we are committed to providing our customers with the highest quality products and services possible that deliver real operational and cost efficiencies," commented Søren Christian Meyer, Vice President, OW Bunker.

"As part of this, and in line with our other vessels in the region, we have chartered an MPA-approved Coriolis Flow Meter barge called the Marine Noel. The MPA has shown real leadership in championing the use of Mass Flow Meters as a means of driving industry professionalism, and we are committed to supporting them in this initiative both in Singapore and as part of our wider strategy for our global fleet," continued Meyer.

OW Bunker launched its physical operation in Singapore in 2013. In addition to the Marine Noel, the company has two other bunker barges in the region: Nepamora and An Hong, both of which also have Coriolis flow meters installed and are in the process of obtaining MPA approval, the company said.