Thu 7 May 2020, 10:56 GMT

Bunker One channels 'entrepreneurial spirit' with expansions


Supply portfolio strengthened in US Gulf, Caribbean and West Africa.


Bunker One logo.
Image credit: Bunker Holding
Bunker One has announced the expansion of its supply portfolio in the US Gulf, Caribbean and West Africa.

In the US Gulf, the company is doubling its capacity on the water with the deployment of the MT Furuholmen. The new tanker joins the MT Barbarica, which began performing deliveries for Bunker One off the Texas and Louisiana coastlines back in October 2018.

In the Caribbean, meanwhile, Bunker One is strengthening its presence with the addition of the MT Lillo Swan, which is now stationed in Trinidad.

The MT Waltz is to also be repositioned to the Caribbean, Bunker One said.

Commenting on the news, Georgia Kounalakis, managing director of Bunker One (Gulf of Mexico), remarked: "Our core business is marine fuels - and we take pride in maintaining our high standards of operation[,] which is of great importance to support and minimise our customers' concerns these days as they navigate uncharted waters. Relationships matter at Bunker One and we are here to stay the course."

CEO Peter Zachariassen observed: "In a climate of uncertainty and tightening credit[,] we are leveraging our strong liquidity and expanding our operational reach to meet our customers' requirements. The current downtrend in the market is not effecting our entrepreneurial spirit, and we continue to execute on our strategy for growth looking for more business opportunities at a global scale."

Building on West African expansion

Earlier this year, Bunker One launched a supply operation in West Africa, and during the first few months the company says it "performed very well[,] experiencing strong commitment from its customers and business partners".

The company is now expanding its vessel portfolio further with the addition of the MT Enford, thereby taking the total number of tankers operating in the region to three.

All three tankers are said to be 'high-spec' and fully retrofitted as bunker vessels.

"With three fully equipped and fully operational tankers in the area, Bunker One will cover the major shipping lanes supplying vessels going east-west via the Horn in addition to the traffic in and around the West African Coast. HSFO, VLSFO and MGO will be available on the full stretch of the African coast," the supplier said.


American Bureau of Shipping (ABS) logo. ABS introduces nuclear-ready notation for marine and offshore assets  

The classification society has released what it describes as an industry-first notation to support future nuclear conversion of vessels and offshore assets.

AiP handover ceremony for NEXTGEN Energy Hub (NGEH) design. ABS grants approval in principle for Seatrium’s NEXTGEN Energy Hub design  

The hub concept integrates ammonia bunkering, power generation and electric vessel charging in a single unit.

Jumbo Maritime crew aboard vessel. Jumbo orders two methanol-ready L-Class heavy lift vessels from Dajin Heavy Industry  

Dutch heavy lift specialist Jumbo signs newbuilding contract for two 25,000-dwt vessels.

China flag. Zhoushan completes first bonded bunker operation at Majishan port area  

The operation marks full fuel supply coverage across all general cargo terminals in Zhoushan's port system.

US dollar banknotes. Port of Long Beach launches $1m methanol bunkering challenge for oceangoing vessels  

A $1m prize aims to kick-start commercial methanol bunkering at one of North America's busiest ports.

Core Power, Athlos Energy, Deon Policy Institute and ABS logos. Greece floating nuclear study finds no fundamental barriers to implementation  

A PESTLE assessment of floating nuclear power plants in Greece identifies framework gaps, not feasibility barriers.

Northern Pathliner alongside Bergen LNG vessel. Molgas completes LNG cool-down and bunkering for Northern Pathliner at Northern Lights terminal in Norway  

Operation carried out at Øygarden facility, with K Line and Integr8 Fuels in the supply chain.

Rendering of a G2 Ocean OHGC vessel. G2 Ocean expands fleet with six future-fuel ready gantry crane vessels  

Open hatch specialist adds vessels and jet sail technology as part of a broad fleet renewal programme.

CMA CGM Adventure vessel at Port of Mombasa. LNG-powered CMA CGM Adventure makes first call at the Port of Mombasa  

Kenya Ports Authority receives its first large LNG-fuelled container vessel.

Liam Blackmore, Lloyd's Register. Maritime trio shapes IMO safety guidelines for ammonia as marine fuel  

Real-world operational experience feeds directly into new IMO ammonia fuel safety framework.