Oldendorff sets bunker volume record as deliveries jump 27%

Number of stems rose to 6,232 in 2017 as volume purchased reached 3.5 million tonnes.



The Alwine Oldendorff, operated by Oldendorff Carriers. Image credit: Oldendorff


Updated on 09 Feb 2018 10:08 GMT

Oldendorff Carriers purchased a record amount of marine fuel last year, Jens Maul Jorgensen, director of the firm's bunker desk, has told Bunker Index.

In 2017, Lubeck-headquartered Oldendorff bought 3.5 million tonnes of bunkers overall, which was a 30 percent increase on the 2.7 million tonnes purchased the year before.

Jorgensen explained that the rise was due to the expansion of the dry bulk shipping firm's fleet and an increase in activities.

During the course of 2017, Oldendorff's fleet varied between 600 and 700 owned and chartered ships, with 6,232 bunker deliveries performed.

The previous year, Oldendorff had recorded 4,891 bunker deliveries, which means that the number of stems rose year-on-year (YoY) by 1,341, or 27.4 percent, between 2016 and 2017.

The leading bunker purchasing port for Oldendorff last year was Singapore, accounting for 1,250,373.537 metric tonnes (mt), or 35.7 percent of the total amount delivered.

Other key bunker-buying locations were Russia (553,328.039 mt), China (373,532.953 mt), UAE (181,625.160), Gibraltar (178,603.841 mt), Amsterdam-Rotterdam-Antwerp (ARA) (154,177,130 mt) and South Africa (106,691.397 mt).

According to Jorgensen, Singapore and China had "in general" seen the biggest YoY percentage increase of the company's key delivery ports. He also added that "all top ports increased".