This is a legacy page. Please click here to view the latest version.
Tue 9 Jan 2018, 09:48 GMT

Energy Petrol reports 10% sales growth in 2017


Supplier sold 410,000 tonnes last year and is now focused on preparing for 2020.



Turkish bunker supplier Energy Petrol Shipping Trade Industry Inc reports that it achieved a 10 percent increase in sales volume last year.

Sales director Deniz Muhtaroglu told Bunker Index on Tuesday that the company supplied 410,000 tonnes of marine fuel to 2,350 ships in 2017 - compared to the 370,000 tonnes sold the previous year.

Since Muhtaroglu joined the family business in 2014, when total sales were 267,000 tonnes, sales have jumped more than 50 percent in just three years.

Furthermore, Muhtaroglu stresses that the results were achieved "without significant quality, quantity claims and delays".

"Quality and service always have priority for us and we improved our perfect records with 2017 results reaching over 30,000 ships supplied so far without any serious claims," the sales director said, referring to the number of vessels the company has delivered bunkers to since it was established in 1997.

In this regard, Muhtaroglu noted that an "ideal" scenario for the firm could be for it not to experience further growth in the run up to the implementation of the global sulphur cap in 2020, so that it is able to adequately prepare for the changes with the "same quality concern approach".

"We provide a quality chain to our clients", Muhtaroglu remarked, explaining that the company always sources its fuel oil from the same refinery, transports product using its own tankers, stores fuel grades in the same tanks without mixing, and performs deliveries using its own barge fleet.

The supplier also emphasized that it has "very healthy financials", operating without any bank credit lines.

Energy Petrol is a privately owned business currently performing deliveries at 27 Turkish ports using 12 company-owned barges ranging in size between 208 deadweight tonnes (dwt) and 3,659 dwt.


Tangier Maersk vessel. Maersk takes delivery of first methanol-capable vessel in 9,000-teu series  

Tangier Maersk is the first of six mid-size container ships with methanol-capable dual-fuel engines.

IBIA MFM bunkering training course graphic. IBIA to run surveyor training course for mass flow meter-equipped bunkering in Rotterdam  

One-day course scheduled for 19 February aims to prepare professionals for MFM-equipped bunkering operations.

CO2 carrier vessel aerial view. MOL secures two 12,000-cbm CO2 carriers for Northern Lights expansion  

Japanese shipowner to deliver vessels in 2028 for cross-border carbon transport and storage project.

MOL and ONGC VLEC long-term charter signing. MOL and ONGC sign 15-year charter deal for two ethane carriers  

Japanese shipowner expands fleet to 16 vessels with newbuildings scheduled for delivery in 2028.

Vessels at sea. Dual-fuel container ship and vehicle carrier fleet reaches 400 vessels  

World Shipping Council reports 83% increase in operational dual-fuel vessels during 2025.

Photograph of a blue cargo vessel. Lloyd’s Register publishes first guidance notes for onboard hydrogen generation systems  

Classification society addresses regulatory gap as shipowners explore producing hydrogen from alternative fuels onboard.

Erasmusbrug bridge in Rotterdam. Rotterdam bunker industry faces upheaval as new regulations drive up costs and shift volumes  

Red III compliance costs and a mass flow meter mandate are creating operational challenges across the ARA region.

Neil Chapman, VPS. VPS appoints Neil Chapman as managing director for the Americas  

Maritime services company names industry veteran to lead regional operations and client partnerships.

Oil refinery infrastructure. Maritime industry shifts towards LNG as alternative fuel enthusiasm stalls  

Geopolitical concerns drive shipping leaders to prioritise established fuels over newer alternatives, survey finds.

OceanScore logo. OceanScore reaches $5m annual recurring revenue as emissions compliance demand grows  

Hamburg-based firm supports compliance workflows for more than 2,500 vessels as regulations enter operational phases.


↑  Back to Top


 Recommended