Sign up
Log in Sign up
Fri 15 Jul 2016 12:21

Turkish supplier expands bunker barge fleet


Acquisition of two barges brings Energy Petrol's total number of vessels to 13.

Turkish physical bunker supplier Energy Petrol Shipping Trade Industry Inc has expanded its fleet with the acquisition of two bunker barges.

The addition of the 2006-built, double hull sister barges Unex I (IMO 9385403, 1481 dwt) and Unex II (IMO 9417672, 1472 dwt) - renamed MT Energy M and MT Energy Y respectively - brings the company's total number of vessels to 13.

Both the vessels acquired were previously Israeli-flagged and operated by Haifa-based bunker supplier United Petroleum Export Co. Ltd. (UNEX). As a result of the vessel sales, UNEX is now carrying out deliveries in Israel by road truck, a member of the trading team told Bunker Index today.

Energy Petrol's fleet of barges includes four newbuild vessels and the Deniz M - said to be the biggest bunker barge currently in service in Istanbul. The 2001-built 3659-deadweight-tonne (dwt) vessel (previously named MT Safir) was acquired by Energy Petrol in 2014 in order to carry out cargo replenishments.

The newbuilds MT Demre 2 and MT Demre 3 were constructed in 2013, whilst the 810-dwt MT Demre 4 was built in 2014 and the 1750-dwt MT Demre 6 was added last year. The four barges are able to carry both intermediate fuel oil (IFO) and marine gas oil (MGO) at the same time.

An additional two newbuild vessels - the MT Demre 7 and MT Demre 8 - are currently under construction.

In an email message, Energy Petrol's founder and CEO, Mustafa Muhtaroglu [pictured], said that the company now has the largest number of double hull bunker barges (6) operating in the local area.

CFO Yesim Muhtaroglu explained that the vessel acquisitions "have been done without any bank credit lines, confirming very healthy financials".

Earlier this year, Energy Petrol said it achieved a 38 percent increase in sales volume in 2015, supplying 347,000 tonnes of marine fuel compared with 252,000 tonnes in 2014.

The company also said that it sold 40,000 tonnes in December 2015, almost double the volume sold in December 2014.

According to Turkey's Energy Market Regulatory Authority (EMRA) - or Enerji Piyasasi Duzenleme Kurumu (EPDK) in Turkish - Energy Petrol last year had a market share of 15 percent in Istanbul, the country's largest bunker port. Sales of marine fuel at the port are estimated to be around 2 million tonnes per annum.

Chane Terminal Nieuwe Maas in Rotterdam. Peninsula expands biofuel capabilities in Rotterdam  

Marine fuel supplier adds 30,000 cbm capacity, with plans to expand to 110,000 cbm in early 2026.
Northern Europe map with the Finnish flag placed over Finland. ScanOcean launches physical bunker supply operations in Finland  

Swedish supplier expands into Finland with MGO and renewable fuels offerings.
Singapore Port viewed from The Pinnacle@Duxton. Singapore marine fuel sales dip 1.2% in October  

First YoY decline since February as sales of best-selling product fall despite bunker calls rising to second-highest level in port's history.
Daria Sukhanova, PMG Energies. PMG Energies appoints Daria Sukhanova as bunker trader  

Marine fuel business adds trader with over five years of experience to its team.
CMA CGM Salamanque vessel alongside Edison's Ravenna Knutsen vessel. CMA CGM and Edison complete Italy's first STS LNG bunkering for a boxship  

Ship-to-ship operation marks the first time LNG has been delivered to a container vessel in the Adriatic.
Simona Toma, Columbia Group. Columbia Group prioritizes LNG training to build seafarer competence  

Ship manager says LNG knowledge will form the foundation for working safely with future fuels.
Methanol fuel safety guidelines graphic. ClassNK updates methanol fuel guidelines as alcohol-fuelled ship orders rise  

Japanese classification society releases revised safety requirements for methyl and ethyl alcohol-fuelled vessels.
Island Oil Holdings logo. Island Oil seeks front office administrator in Limassol  

Cyprus-based bunker supplier and trader advertises role with benefits including provident fund.
NSU Tubarao vessel. Anemoi completes rotor sail installation on 400,000 DWT ore carrier  

UK firm fits five 35m-tall units on NS United vessel, targeting 6-12% fuel savings.
Liberty Marine Fuels 10-year anniversary graphic. Liberty Marine Fuels marks 10 years in bunker brokering  

Aalborg-based bunker broker celebrates a decade of operations connecting shipowners, charterers, and suppliers.




 Recommended