OW bunker signs exclusive alliance with UNIPEC AmericaBunkering — By admin on January 20, 2014 at 10:14 PM
Company expands North American physical operation to supply products at new BOSTCO fuel oil terminal in Houston
OW Bunker, one of the world’s leading resellers and physical distributors of marine fuel, today announced that it has signed an exclusive alliance with UNIPEC America to provide products at the new BOSTCO (Battleground Oil Specialty Terminal) fuel oil terminal in Houston. The move further expands the company’s physical presence in the region, complementing its existing operations in the Gulf of Mexico and Panama.
UNIPEC America has negotiated the rights to supply bunkers ex-pipe at the new BOSTCO terminal. In conjunction with this, OW Bunker has developed a partnership agreement with UNIPEC America to provide calling vessels with quality products and services from January 2014. OW Bunker North America will utilize its physical supply expertise, as well as its sales and marketing strengths within the region.
“Providing bunkers to vessels within the new BOSTCO Terminal gives us the opportunity to drive further efficiencies into our customers’ operations, ” said Keith Richardson, Physical Manager, OW Bunker North America.
“Our physical distribution expertise enables us to provide customers with quality products while they work their cargo, which means that they don’t have to waste time and associated calling costs waiting for a bunker barge at anchorage.”
BOSTCO is a 180-acre terminal with a 7.1 million-barrel capacity, which will include the construction of 57 storage tanks to handle ultra low sulphur diesel, residual fuels and other black oil terminal services when fully completed in 2014.
Phase one of the terminal’s operation has seen the creation of storage capacity for 2.84 million barrels of residual fuel oil and feedstock.
Commenting on the development, Adrian Tolson, Regional Manager, OW Bunker North America, said:
“The alliance with UNIPEC America and the launch of a new physical offering in Houston highlights the significant developments that we have made within the North American market. Our physical operation continues to grow as we focus on driving efficiency and value into our customers’ operations. This complements our reselling operation, which utilizes our global network, financial strength and procurement capabilities, to ensure that customers receive the most cost-effective service possible.”
About OW Bunker:
OW Bunker is one of the world’s largest distributors of marine fuel and related services. The Group’s core activity is the global sale of marine fuel through its reselling operations and its physical distribution operations, where it operates over 30 large and small refuelling vessels in its global fleet. OW Bunker also provides advanced risk management solutions and services aimed at allowing customers to better control and manage marine fuel costs and achieve protection against commodity price fluctuations.
The Group is represented in 29 countries world wide, spanning Europe, Middle East, Asia, Africa and the Americas.
About Unipec America:
China International United Petroleum & Chemicals Co., Ltd., hereinafter referred as Unipec, is a wholly owned subsidiary and trading arm of Sinopec, which ranks 4th in the Fortune 500 and is the 2nd largest refiner in the world.
With global trading teams located in Hong Kong, U.K., Singapore and U.S.A, Unipec has grown to be one of the most prominent oil trading companies in the world reaching a trading volume of 256 million metric tons and a turnover of 202 billion US dollars in 2012.
Unipec America Inc., as a subsidiary of Unipec, mainly focuses on crude and refined product trading business in Americas. In refined oil products side, we’re currently trading fuel oil, gasoline, distillates. We have been actively engaging in fuel oil business with support of leased storage in BOSTCO and GTI and are continuing to grow in this area.
Looking forward, we will continue strengthening our fuel oil trading capability and enlarging our business presence in the Americas.