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Home The Daily 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.”

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