Wed 29 Apr 2009 09:52

Port incentive scheme may boost bunker sales


New one-year program aims to raise cargo volumes via incentive payments to ocean carriers.



Commissioners at the Port of Oakland are reported to have approved a new incentive scheme which could also benefit bunker sales at the Californian port.

According to industry sources, the new one-year program aimed at maintaining or raising cargo volumes will provide discounts and incentive payments to both ocean carriers and marine terminal operators.

Ocean carriers will reportedly receive an incentive payment of $20 per twenty-foot equivalent unit (TEU) for every loaded container that moves via rail between the Port of Oakland and locations outside California.

Meanwhile, terminal operators will be given a $5 per TEU discount for every loaded container that moves by rail between the Port of Oakland and locations outside of California.

The new incentives could be a much-needed boost to bunker sales at the West Coast port during the current economic downturn.

The 12 month program would be retroactive to January 1st 2009 and would run up until December 31st 2009, market sources said.

Earlier this month Port of Oakland commissioners approved a Maritime Air Quality Improvement Plan (MAQIP), aimed at cutting diesel pollution from port-related operations by 85 percent by the year 2020.

According to a December 2008 health risk assessment by the California Air Resources Board (ARB), sources within the port contribute 30 percent of the diesel particulate matter in West Oakland, a community of 22,000 people adjacent to the port.

Commenting on the plan, Richard Sinkoff, Director of the Environmental Programs and Planning Division, said “One way we'll reach our 85% goal is by working with our tenants to dramatically cut emissions from ship engines while they’re at dock."

Sinkoff added, “As a transportation services agency, part of the Port’s role is to assist our customers and tenants in the complex task of complying with new emissions regulations that will help clean up the air.”

Martin Vorgod, CEO of Global Risk Management. Martin Vorgod elevated to CEO of Global Risk Management  

Vorgod, currently CCO at GRM, will officially step in as CEO on December 1, succeeding Peder Møller.

Dorthe Bendtsen, KPI OceanConnect. Dorthe Bendtsen named interim CEO of KPI OceanConnect  

Officer with background in operations and governance to steer firm through transition as it searches for permanent leadership.

Bunker Holding's executive management team, from left to right: CCO Anders Grønborg,  COO Peder Møller, CEO Keld R. Demant and CFO Michael Krabbe. Bunker Holding revamps commercial department and management team  

CCO departs; commercial activities divided into sales and operations.

Image of a bunker delivery being performed by Peninsula's Hercules 8000 tanker vessel. Peninsula extends UAE coverage into Abu Dhabi and Jebel Ali  

Supplier to provide 'full range of products' after securing bunker licences.

A screenshot taken from Peninsula's homepage on October 4, 2024. Peninsula to receive first of four tankers in Q2 2025  

Methanol-ready vessels form part of bunker supplier's fleet renewal programme.

Stephen Robinson, pictured on his appointment as Head of Bunker Strategy and Procurement at Tankers International. Stephen Robinson heads up bunker desk at Tankers International  

Former Bomin and Cockett MD appointed Head of Bunker Strategy and Procurement.

Chart showing percentage of off-spec and on-spec samples by fuel type, according to VPS. Is your vessel fully protected from the dangers of poor-quality fuel? | Steve Bee, VPS  

Commercial Director highlights issues linked to purchasing fuel and testing quality against old marine fuel standards.

Ships at the Tecon container terminal at the Port of Suape, Brazil. GDE Marine targets Suape LSMGO by year-end  

Expansion plan revealed following '100% incident-free' first month of VLSFO deliveries.

Hercules Tanker Management and Hyundai Mipo Dockyard sign bunker vessel agreement Peninsula CEO seals deal to build LNG bunker vessel  

Agreement signed through shipping company Hercules Tanker Management.

Illustration of Kotug tugboat and the logos of Auramarine and Sanmar Shipyards. Auramarine supply system chosen for landmark methanol-fuelled tugs  

Vessels to enter into service in mid-2025.


↑  Back to Top