Sign up
Log in Sign up
Fri 9 Mar 2018, 12:03 GMT

Aegean set to terminate physical bunker operation in Fujairah


Supplier looking to withdraw from market that has been 'an overall drag on gross spread'.

Aegean Marine Petroleum logo.
Image credit: Aegean Marine Petroleum
Aegean Marine Petroleum Network Inc looks set to pull out of the Fujairah bunker market during the course of 2018 in a move similar to the one made by the company in Singapore, which saw Aegean eventually terminate its operations as a physical supplier at the Asian port in January.

Speaking on Thursday during an analysis of Aegean's latest quarterly results, president Jonathan McIlroy explained that the company had already "reduced our presence in Fujairah and secured a contract for most of the company's clean product tanks there".

"The culling of volumes from Fujairah in 2018 will play out similarly to the story described in Singapore whereby it removes Aegean from a location which has acted as an overall drag on gross spread," McIlroy added.

Aegean has been operating as a bunker supplier in Fujairah - the Middle East's leading bunker port - since the year 2000.

The company performs deliveries of high-sulphur fuel oil and DMA-grade marine gas oil at Fujairah anchorage and in port, Khor Fakkan anchorage and in port, and Kalba anchorage.

ABB Generations 2025 publication on smartphone. ABB publishes 2025 maritime insights on decarbonization and digitalization  

Technology firm compiles annual articles exploring energy efficiency, automation, and alternative fuels for the shipping industry.
ClassNK AiP handover ceremony for bulk carrier design. ClassNK grants approval for multi-fuel ready bulk carrier design by Oshima Shipbuilding  

Vessel design accommodates future conversion to ammonia, methanol, or LNG with carbon capture capability.
The Arctic and black carbon graphic. Four countries propose Arctic fuel measure to cut black carbon from shipping  

Proposal to IMO's PPR 13 meeting aims to establish fuel regulations under MARPOL Annex VI.
T&E chart 1. Spain, Norway and Denmark lead Europe's green shipping fuel production, study finds  

Regulatory uncertainty prevents most e-fuel projects from progressing beyond the planning stage, says analysis.
Charles Simon Edwin, Dan-Bunkering. Dan-Bunkering appoints Charles Simon Edwin as operations and compliance manager in Singapore  

Edwin transitions from sourcing role, bringing experience from physical supply operations and bunker trading.
Hamburg Express vessel. Hapag-Lloyd wins ZEMBA's second tender for e-methanol deployment  

Container line to deploy e-methanol on trans-oceanic route from 2027, abating 120,000 tonnes CO₂e.
Nuclear-powered multi-role icebreaker design render. RINA grants approval for Chinese nuclear-powered Arctic icebreaker design  

CSSC's multi-role vessel combines cargo transport and polar tourism with molten salt reactor propulsion.
Glander International Bunkering logo. Glander International Bunkering seeks two bunker traders for Singapore office  

Firm recruiting traders with 3-5 years of experience to join team in key Asian hub.
Hiring concept with puzzle pieces. Malik Supply seeks bunker trader for Fredericia office  

Danish company advertises role focusing on client portfolio development and energy product trading.
Hiring concept with puzzle pieces and a magnifying glass. Chimbusco Pan Nation seeks credit analysts for Asia-Pacific and Middle East expansion  

Bunker firm recruiting for Hong Kong, Singapore, and Shanghai offices with APAC and MENA focus.




 Recommended