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Johannesburg – Cockett Marine Oil, a division of shipping group Grindrod [JSE:GND], announced on Thursday that it will start a bunkers-only service for shipping operators transiting the English Channel, one of the world's busiest trading routes.
The company said this service that will begin from September "will transform the availability of bunkering in the area".
Cockett Marine Oil predicts that it will supply at least 1 million tonnes of marine fuels, including low and high sulphur fuel variants, and
gas oil.
The unit is a specialist marine oil trader based in London with a network of international offices.
Its new service will be operated from three anchorages in the Thames Estuary in an area controlled by the Port of London Authority (PLA), with whom Cockett has worked closely to develop the service.
By supplying fuel oils delivered by barge from Rotterdam and enabling customers to avoid time-consuming and costly diversions from the main shipping lanes, it will compete head-to-head with other major international bunkers-only supply centres as well as facilities in the English Channel.
Robert Thompson, general manager of supply at Cockett Marine Oil, said this is all about providing a bunkers-only service in the right place at the right price.
"Until now the English Channel has suffered from a lack of competitiveness which has hindered its development as a serious bunker hub," Thompson said, adding: "Our new operation will remedy this situation."
"We believe the commercial advantage of its location and ability to take advantage of cheaper fuel prices from Rotterdam makes the case a compelling one for owners and operators, especially in the current economic climate.
Karl Beeson, managing director at Cockett Marine Oil, said the new service is another step in the expansion of the business's global physical supply strategy.
Beeson said this service shows the synergy delivered by Grindrod for the benefit of shipping operators.
"We can secure excellent prices through our years of back-to-back trading experience, combined with the barging expertise of our colleagues at Unicorn Shipping and utilising the procurement skills of Associated Bunker Oil Contractors in Rotterdam," Beeson said.
"Operating two barges initially through Unicorn, each able to transport 5 500 tonnes of fuel oils, we will be able to provide ship owners and operators with a cost-effective and quicker service than other ports within the Emissions Control Area."
- I-Net Bridge
The company said this service that will begin from September "will transform the availability of bunkering in the area".
Cockett Marine Oil predicts that it will supply at least 1 million tonnes of marine fuels, including low and high sulphur fuel variants, and
gas oil.
The unit is a specialist marine oil trader based in London with a network of international offices.
Its new service will be operated from three anchorages in the Thames Estuary in an area controlled by the Port of London Authority (PLA), with whom Cockett has worked closely to develop the service.
By supplying fuel oils delivered by barge from Rotterdam and enabling customers to avoid time-consuming and costly diversions from the main shipping lanes, it will compete head-to-head with other major international bunkers-only supply centres as well as facilities in the English Channel.
Robert Thompson, general manager of supply at Cockett Marine Oil, said this is all about providing a bunkers-only service in the right place at the right price.
"Until now the English Channel has suffered from a lack of competitiveness which has hindered its development as a serious bunker hub," Thompson said, adding: "Our new operation will remedy this situation."
"We believe the commercial advantage of its location and ability to take advantage of cheaper fuel prices from Rotterdam makes the case a compelling one for owners and operators, especially in the current economic climate.
Karl Beeson, managing director at Cockett Marine Oil, said the new service is another step in the expansion of the business's global physical supply strategy.
Beeson said this service shows the synergy delivered by Grindrod for the benefit of shipping operators.
"We can secure excellent prices through our years of back-to-back trading experience, combined with the barging expertise of our colleagues at Unicorn Shipping and utilising the procurement skills of Associated Bunker Oil Contractors in Rotterdam," Beeson said.
"Operating two barges initially through Unicorn, each able to transport 5 500 tonnes of fuel oils, we will be able to provide ship owners and operators with a cost-effective and quicker service than other ports within the Emissions Control Area."
- I-Net Bridge
