BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry

« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa

BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News

OW Bunker reports Pacific Islands growth

Increase in demand is said to be a result of growth in Australia-Asia trade.

Image credit:

Updated on 21 Feb 2012 12:04 GMT

OW Bunker, one of the world's leading suppliers and traders of marine fuel, has confirmed an increase in demand for bunkers across the Pacific Islands, resulting from a further strengthening in trade between Australia, China, Indonesia and India and further growth in the domestic cruise industry.

OW Bunker Australia, which acts as the OW Bunker Group's purchasing centre for the region, has reported that the Pacific Islands are experiencing an increase in demand for marine fuel as Australia's commodities markets and marine tourism industries continue on a positive growth trajectory. OW Bunker says that availability of both 0.1% MGO and 3.5% fuel oil across the region is sufficient to meet demand, with a strong supply infrastructure throughout the Pacific Islands.

Stefan Poulus, Branch Manager, OW Bunker Australia, commented: "Australia's economy in particular remains robust, with an influx of international investment in commodities such as iron ore and LNG significantly boosting trade from and across the region. We have seen growth in several key bunker ports, with Port Moresby in Papua New Guinea providing a good alternative for bunkers on the Australia and New Zealand to Asia route. Increased cruise traffic has also fuelled demand across the Pacific Islands, particularly in New Caledonia, Fiji and French Polynesia. Projections for the cruise industry, particularly between Australia and New Zealand are strong, with a predicted 20% increase in traffic in the next few years, so we can anticipate that demand for bunkers will increase in line with this."

The recent announcement of a US$2.9 billion investment from Rio Tinto in Western Australia's Port of Cape Lambert is expected to enhance the port's capacity for the export of iron ore to 203 million tonnes annually by 2015. The Great Lakes Dredge and Dock Corporation (GLDD) has also announced a US$180m contract tied to Chevron's Wheatstone LNG Project, which is expected to further strengthen Australia's output and trade with Asia in particular, as the biggest consumers of Australian LNG.

Poulus added: "The bunker industry has been on the front-foot concerning increased trade across Australia, New Zealand and the Pacific Islands. At OW Bunker, we are able to use our extensive knowledge of the Asia Pacific region, working in close partnership with our Singapore division in particular, to present a total bunkering solution to our clients. We have been able to build strong relationships with suppliers and clients across the Asia Pacific, which enables us to provide the most efficient, cost effective and reliable services to customers who may well be looking to increase their business in the region."

OW Bunker offers a full range of fuel oil products from Fremantle, Melbourne, Sydney, Brisbane and Gladstone ports in Australia and Auckland, Tauranga and Marsden Point ports in New Zealand. OW Bunker Australia can also supply at ports across the Pacific Islands at key ports including Suva, Papeete, Noumea and Port Moresby.

For more information about OW Bunker Australia, please visit www.owbunker.com or contact:

Stefan Poulus - Branch Manager
OW Bunker Australia Pty Ltd.
Ph: +61 (0) 3 9820 3844
Mobile: + 61 (0) 423 748 490
Email: stpo_owbunker.com

Related Links:

Trader rejoins OW Bunker
OW Bunker launches German brand
OW Bunker appoints former Maersk Oil executive
OW Bunker announces recruitment drive
O.W. Bunker Australia Pty. Ltd.
O.W. Bunker & Trading A/S
Port Moresby
Fiji Islands
New Caledonia
New Zealand
Papua New Guinea

Latest News:

Silverstream hails air lubrication uptake ahead of 2020
Oil and fuel oil hedging market update
OPEC, non-OPEC oil producers agree to cut 1.2m bbl/d
Aegean secures final approval for initial set of motions
MoU signed to test fuel gas and bunkering systems in Busan
Oil and fuel oil hedging market update
Volatility as OPEC meeting comments emerge; draw in US oil stocks
Quadrise announces open offer to avert Jan winding down process
Aegean rejects Mercuria objections ahead of court hearing
Aegean files motion to protect confidential information
Verifavia inks cooperations with eight ROs for IMO DCS verification
Oil and fuel oil hedging market update

Page Links:

Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Las Palmas
New Orleans
Rio de Janeiro
Latest News
Middle East
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Fuel Quality
Lubes & Additives
Oil Spills
Port News
Services, Products, Technology
Statistics & Research
Contact & Terms
Contact Us
Terms & Conditions
Privacy Policy
Upcoming Events