Mon 10 Oct 2016 07:36

GAC Bunker Fuels in LNG bunkering tie-up with REV LNG in North America


GAC says the alliance 'offers a complete LNG supply chain solution in North American ports'.



GAC Group's bunker trading and brokerage arm, GAC Bunker Fuels, has entered into a strategic partnership with REV LNG, LLC and REV LNG Marine, LLC to deliver LNG bunkering services to ship owners and operators in North America.

Pennsylvania-based REV LNG specialises in LNG liquefaction facilities, storage solutions, and distribution. Its marine arm, REV LNG Marine, connects offshore, inland, and Great Lakes vessels to REV LNG's supply chain with its truck-to-ship mobile bunker supply operation.

Commenting on the partnership in an announcement, GAC said: "The alliance with the leading full-service LNG supplier and its marine arm REV LNG Marine offers a complete LNG supply chain solution in North American ports, in response to growing demand for LNG as a marine fuel."

"The REV-GAC alliance provides reliable and competitively priced LNG bunkering services, supported by a portfolio of diversified gas supply contracts," GAC added.

Nicholas Browne, Global Director of GAC Bunker Fuels, remarked: "As demand for LNG-fuelled vessels has increased, so has demand for practical, cost effective and efficient LNG bunkering. Having already handled over 10,000 LNG port calls over the past decade, GAC is uniquely qualified to facilitate the logistics associated with LNG bunkering options. Our alliance with REV LNG places us even better to meet the needs of the market."

GAC says its bunker business is "a key component of GAC North America's shipping operations", providing bunkering services alongside the group's agents in 17 port offices in the United States. Some of GAC Bunker Fuels' core responsibilities include liaising with the vessel operator and Master to arrange complete supply details, coordinating on-time service, confirming the bunker delivery receipt, and overseeing the credit facilities necessary to permit 30-day payment terms to clients.

"GAC draws on its global resources and long-term relationships with local port communities in the United States to support REV LNG's supply chain coast to coast, while streamlining efficiency to enable low-cost LNG bunkering services to be brought to market," said Bob Bandos, GAC North America's Managing Director - Shipping. "Through this unique partnership, our direct goal is to recognize and overcome the multiple challenges associated with the widespread adoption of LNG as a bunkering fuel, including guaranteeing security of supply at multiple ports, and overcoming uncertainties associated with fluctuating energy prices."

David Kailbourne, CEO of REV LNG, said: "As specialists in bundling LNG infrastructure, processes, and technological innovations which optimize the complete LNG bunker value chain, the REV team brings a quick-to-market turnkey supply solution to the REV-GAC Alliance, as well as customized marine services that meet the specific needs of individual ship owners and operators."

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