Monday, June 23, 2025
Home The Weekly MABUX Bunker Index MABUX bunker index - 27 March

MABUX bunker index – 27 March

GP Global has announced ambitious plans to strengthen its international bunkering business with the addition of a new supporting infrastructure.

With the goal of expanding the Group’s marine fuel business while getting ready to supply IMO2020 compliant fuel to its customers, GP Global is leveraging its international network to ramp up its bunkering business and gear up to meet the International Maritime Organization’s global 0.5% fuel sulfur content.

Key bunkering activities that GP Global will be focusing on include plans to increase the number of barges to boost the group’s capacity to up to 100 KTPM. The group has already increased its time chartered fleet in the ARA market by 3 barges, giving them 7 barges in total, with one of them being a specialist barge focusing on 0.86 Gasoil market.

GP Global has also restarted its trucking business to cover fuel oil and marine gas oil in major ports in the United Arab Emirates, increasing the group’s market share by drawing on its assets of owning trucks and utilising tanks at the Hamriyah Terminal.

Prerit Goel, Group Director at GP Global, said: “We are prepared to offer 0.5% Low Sulphur Fuel oil (LSFO) from April to our customers in major ports and at physical delivery points of Rotterdam/ARA, Fujairah and Singapore. We shall extend the availability of LSFO to other smaller ports where we are physical suppliers by Q4 2019 in preparation for the regulatory changes in January 2020.”





Latest Posts

We Asked AI: Container Ships in Ancient Worlds

Container Ships in Ancient Worlds Imagine a colossal container ship gliding through the Nile as pyramids rise in the distance, or docking at a bustling...

Scenario planning for Mediterranean ports growth amid ongoing tensions

The sustained growth of Mediterranean port traffic, driven by increased Asia-Europe trade and the Red Sea crisis, presents a dynamic landscape for global shipping. Assuming...

Thessaloniki port Revival: Balkan gateway reawakens

 For decades, Thessaloniki was a port with strategic promise but structural limitations, ideally located at the crossroads of Europe and the Balkans, yet constrained...

Vigor Marine Group’s consolidation signals US push to counter China’s shipbuilding dominance

In a bold move to strengthen America’s maritime capabilities, five leading US ship repair and marine service providers have united under a single banner. This...

AI reshape shipping operations

The integration of artificial intelligence into shipping operations, is poised to transform competition in the maritime industry by enhancing efficiency, safety, and sustainability while...
error: Content is protected !!