Wed 29 Apr 2009, 09:52 GMT

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.”


Port of Singapore. Trailing 3-month bunker sales fall to lowest since April 2025 in Singapore  

Bunker volume of 13.569m tonnes sold between April and June was worst result in 14 months.

Glander International Bunkering logo. Glander International Bunkering reports $23.4m pre-tax earnings amid volatile shipping markets  

Bunker trading company says new fuels volumes doubled over the past year, driven by client demand.

Aerial view of tanker vessel at sea. ISO-compliant fuels increasingly causing operational problems, Lloyd’s Register warns  

Latest FOBAS report finds fuel quality risk shifting beyond off-specification fuels.

Bioethanol bunkering at the Port of Santos. Bunker One completes Latin America’s first bioethanol bunkering of a deep-sea container vessel  

500,000-litre delivery at Santos marks a first for bioethanol as a marine fuel.

Maritime Technologies Forum (MTF) logo. MTF issues safety management guidelines for methanol-fuelled ships  

New MTF report offers recommendations for developing and strengthening safety management systems for methanol as a fuel.

Kapitan Dranitsyn icebreaker. European shipowners call for permanent EU ETS derogations for islands, outermost regions and ice-classed vessels  

ECSA urges the European Commission to extend maritime ETS exemptions beyond 2030 ahead of directive revision.

Global Maritime Forum logo. Compliance pooling could help unlock investment in zero-emission marine fuels, says Getting to Zero Coalition  

A new insight brief argues pooling models must evolve to support long-term e-fuels offtake.

Levante LNG and Legend of the Seas STS bunkering operation. Peninsula performs maiden bio-LNG delivery in Cádiz  

Bunker firm has now supplied all three of Royal Caribbean Group’s Icon-class vessels with bio-LNG.

Shawn Ho, Oilmar. Oilmar appoints Shawn Ho as senior manager for business development and bunker trading in Singapore  

Marine fuel seller hires experienced industry professional to bolster its Singapore operations.

Island Horizon vessel. Island Oil expands fleet with acquisition of two tankers for Mediterranean operations  

Island Polaris and Island Horizon join bunker firm's fleet of vessels.