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.


Hapag-Lloyd and DSV logo side by side. Hapag-Lloyd and DSV sign 18,000-tonne CO2e reduction agreement for sustainable marine fuels  

Two-year framework allows inclusion of alternative fuels beyond biofuels in shipping decarbonisation partnership.

Bangkok city skyline. Uni-Fuels opens Thailand office as part of Southeast Asia expansion  

Marine fuel supplier establishes Bangkok entity, appoints managing director with 15 years’ industry experience.

Washington State Hybrid-Electric 160-Auto Ferry vessel render. Corvus Energy to supply battery systems for Washington State Ferries hybrid vessels  

ABB selects Corvus for two new 160-vehicle ferries as part of $3.98bn electrification plan.

Vinssen and Mana Engineering sign MoU. Vinssen, Mana Engineering partner on hydrogen fuel cell retrofit for 800-teu feeder vessel  

South Korean and Dutch firms to pursue Lloyd’s Register approval for hybrid retrofit concept.

Hercules Elisabeth vessel. Hercules Tanker Management takes delivery of second Ultra-Spec vessel in China  

Hercules Elisabeth is the second of 10 hybrid-ready tankers designed for alternative fuels.

Wolf 1 vessel. Petrol Ofisi launches fuel supply tanker Wolf 1  

Turkish bunker supplier adds 1,750-dwt vessel with alternative fuel infrastructure to fleet.

BIMCO meeting. BIMCO to convene for adoption of biofuel clause and ETS provisions at February meeting  

Documentary Committee to consider new contractual frameworks for alternative fuels and emission trading scheme compliance.

Sea Change II vessel render. Incat Crowther and Switch Maritime develop 150-passenger hydrogen ferry for New York  

Design work begins on 28-metre vessel with 720 kg hydrogen capacity and 25-knot speed.

Aerial view of a container vessel. HIF Global signs heads of agreement with German eFuel One for 100,000 tonnes of e-methanol annually  

Deal covers supply from HIF’s Uruguay project, with e-methanol meeting EU RED III standards.

Welcoming of Kota Odyssey at Jordan’s Aqaba Container Terminal. PIL’s LNG-powered vessel makes maiden call at Jordan’s Aqaba port  

Kota Odyssey is Pacific International Lines’ first LNG-fuelled ship to call at the Red Sea port.


↑  Back to Top


 Recommended