Sign up
Log in Sign up
Mon 10 Oct 2011, 07:23 GMT

Rosneft appoints exclusive fuel oil partner


Fuel oil broking firm to represent Rosneft in South East Asia and Far East Russia.

Rosneft Marine UK Ltd., a subsidiary of Russian state-owned oil company OJSC Rosneft, has appointed Petroleum and Oil International (POINT) as its exclusive fuel oil broker for South East Asia and the Far East of Russia.

The new brokerage agreement means POINT will act on behalf of Rosneft Marine in these regions and is part of Rosneft's global marketing strategy for its bunkering business.

Headquartered in Singapore, POINT specialises in providing fuel oil brokerage services and has extensive experience and expertise in Asia and the Commonwealth of Independent States (CIS).

Vladimir Brezhnev, Director of Rosneft Marine UK, said he was very pleased to be entering into the partnership with POINT.

"Asia is a growing focus for Rosneft and we believe this arrangement improves our fuel oil trading ability in the international market and provides greater support to our customers in Asia and the Far East of Russia," Brezhnev said.

“POINT was carefully selected as a partner as they have the level of expertise that we feel is necessary to provide our customers with the service that they expect,” Mr Brezhnev added.

Mislav Bobic, Director of POINT, said: "POINT is well positioned to trade Rosneft fuel oil with our major trading office in Singapore. Our global network of contacts, close relationships and knowledge of the bunkering market in Asia and in the CIS gives us a very strong base from which to trade Rosneft fuel oil products and maximise value for them."

"There is no doubt Rosneft Marine is a respected brand in the marketplace and its high quality bunker fuel will continue to be attractive to ship owners and operators in Asia and Far East of Russia," Mr Bobic concluded.

Rosneft started its bunkering business in 2007 with the establishment of RN-Bunker. Rosneft Marine was later set up to take charge of trading operations and sales while RN-Bunker was tasked with managing the operational aspect of the business.

Since its inception, the company has recorded steady growth, selling a record 2 million metric tonnes in 2010 - a 70 percent increase from 2009.

A Maersk vessel, pictured from above. Maersk and Hapag-Lloyd suspend Strait of Hormuz transits amid Middle East security crisis  

Container carriers reroute services around the Cape of Good Hope as military conflict escalates.
Map of Middle East. Operations continue as normal at most Middle East ports  

Most facilities operating normally, with exceptions in Oman and Saudi Arabia.
Photograph of the 93,000-cbm very large ammonia carrier (VLAC) Gaz Ronin. Naftomar takes delivery of 93,000-cbm dual-fuel ammonia carrier  

Gaz Ronin features a MAN dual-fuel engine with high-pressure selective catalytic reduction technology.
Aurora Botnia leaving harbor. AYK Energy completes world’s largest marine battery retrofit on Wasaline ferry  

Aurora Botnia receives 10.4 MWh battery system, bringing total capacity to 12.6 MWh.
Steel cutting ceremony for an LNG dual-fuel 307,000-tonne crude oil tanker with builder's hull no. 113. Dalian Shipbuilding begins construction on LNG dual-fuel crude tanker  

Development is one of a number of milestones reported by parent company over the past few days.
Photograph of Sallaum Lines' Ocean Breeze vessel with 'Introducing The Blue Corridor' overlaid text. Sallaum Lines launches Blue Corridor sustainability initiative for Europe–Africa ro-ro trade  

Company deploys LNG-capable vessels with AI routing and eco-speed protocols on new green shipping corridor.
The platform supply vessel Viking Energy. Eidesvik Offshore signs yard contract for ammonia retrofit of PSV Viking Energy  

Halsnøy Dokk to convert platform supply vessel as part of EU-backed Apollo project.
Vanquish tanker alongside Jette Theresa oil/chemical tanker docked at terminal. North Sea Port completes risk analysis for alternative fuel bunkering operations  

Port authority says LNG, hydrogen, methanol and ammonia can be safely refuelled across its facilities.
Container ship near a port. Ammonia emerges as most feasible alternative fuel for deep-sea shipping in 2050 emissions study  

Research combining expert survey and technical analysis ranks ammonia ahead of hydrogen and methanol.
Cargo vessel at sea. EMSA study examines biodiesel blend spill response as shipping adopts alternative fuels  

Research addresses knowledge gaps on biodiesel-conventional fuel blends as marine pollutants and response measures.




 Recommended