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.


Monjasa Oil & Shipping Trainee (MOST) trainees. Monjasa opens applications for global trainee programme  

Marine fuel supplier seeks candidates for MOST scheme spanning offices from Singapore to New York.

Singapore's first fully electric harbour tug. Singapore's first fully electric tug completes commissioning ahead of April deployment  

PaxOcean and ABB’s 50-tonne bollard-pull vessel represents an early step in harbour craft electrification.

Fuel for thought: Hydrogen report cover. Lloyd's Register report examines hydrogen's potential and challenges for decarbonisation  

Classification society highlights fuel's promise alongside safety, infrastructure, and cost barriers limiting maritime adoption.

Bureau Veritas and Straits Bio-LNG sign MoU. BV Malaysia partners with Straits Bio-LNG on sustainable biomethane certification  

MoU aims to establish ISCC EU-certified biomethane production and liquefaction facility in strategic alliance.

Molgas Energy logo. Molgas becomes non-clearing member at European Energy Exchange  

Spanish energy company joins EEX as it expands European operations and strengthens shipper role.

Yiannis Diamandopoulos, Elinoil. Diamandopoulos appointed CEO of Elinoil as Aligizakis becomes chairman  

Greek marine lube supplier announces leadership changes following board meeting on 5 January.

Sustainable Marine Fuel Services webinar hosted by BV graphic. Bureau Veritas to host webinar on sustainable marine fuel transition challenges  

Classification society to address regulatory compliance, market trends, and investment strategies in February online event.

Inchcape Shipping Services logo. Inchcape to provide bunkering services from new Indonesian offices  

Port agency establishes presence in key bulk and tanker operation hubs handling 150 calls annually.

CPN launch of B100 marine biodiesel supply in Hong Kong graphic. Chimbusco Pan Nation launches B100 biodiesel supply in Hong Kong  

Bunker tanker Guo Si becomes Hong Kong's first Type II certified vessel for pure biodiesel operations.

Vox Apolonia vessel. Van Oord completes Dutch beach replenishment using 100% bio-LNG  

Dredger Vox Apolonia deposited 1 million cbm of sand at Noord-Beveland beach under Coastline Care programme.


↑  Back to Top


 Recommended