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.


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.


↑  Back to Top


 Recommended