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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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Geos extends bunker supply capacity with delivery of new vessel

05 May 2017 10:43 GMT

The Thun Grace has been taken on long-term time charter from Thun Tankers.



UK-based marine gas oil (MGO) supplier Geos Group (Geos) has taken delivery of a new vessel, the Thun Grace, on long-term time charter from Thun Tankers.

The Thun Grace is significantly larger than Geos's outgoing vessel, the Milford Fisher. As a result, Geos says the company will now have extra capacity to grow its sales volume and provide a faster, more responsive service to its customers.

Built in 1999, the Thun Grace is a 6,535-dwt, 103m x 15m chemical tanker. The vessel will shortly be equipped for ship-to-ship operations - a fast and flexible fuelling solution for operators when a ship's port access is restricted, or when there are no fuel facilities available within a port.

The vessel will transport marine gas oil from oil refineries to fuel storage tanks in Geos's six physical supply locations: Aberdeen, Blyth, Great Yarmouth, Lerwick, Heysham and Montrose. It will also transport fuel between these sites, in order to meet demand and avoid stock shortages.

"Increasing the size of our vessel is an important strategic move for the Geos Group," said Adam Russell, the company's Trading and Hedging Manager. "We will have more flexibility in our programme, and greater capacity for transporting fuel between locations. We will be able to increase our volume and offer a more competitive bunkering service to the ship owners and operators that we supply. We are happy to be working with Thun Tankers as our business grows and more opportunities present themselves."






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