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Consort Bunkers acquires five bunker tankers in Q4; orders up to seven more newbuilds from China

‘We [Consort Bunkers] have the opinion that the bunker business in Singapore is not related to the widely reported earlier cargo commodity trading mishaps,’ company source tells Manifold Times.
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Singapore-based bunker supplier and logistics services provider Consort Bunkers Pte Ltd has started a major bunker tanker expansion programme in the fourth quarter (Q4) of 2020, learned Singapore bunker publication Manifold Times.

“We have taken delivery of the 5,646 dwt Marine Hope and 6,020 dwt Marine Swift in September 2020,” according to a company source.

“We are expecting to take delivery of the 7,022 dwt Marine Kite and 6,842 dwt Marine Tiger by December 2020.”

The company in October acquired the 7,550 dwt bunker tanker Heredia Sea from Glencore Group to support its U.A.E. operations; the source took the opportunity to correct an earlier error from another publication – which incorrectly stated the vessel to be owned by Xihe Group.

Meanwhile, he added Consort Bunkers has taken on another newbuilding phase for up to seven 8,000 dwt bunker tankers.

The newbuilds will be delivered over the next two years from a Chinese yard and be identical to the Consort ‘M’ series of newbuilds first ordered in 2016.

“This next phase is more of a fleet expansion, while the previous one in 2016 is for fleet renewal,” he explains.

Moving forward, the source shared his opinion on the series of Singapore commodity trading mishaps the republic encountered earlier this year.

“We [Consort Bunkers] have the opinion that the bunker business in Singapore is not related to the widely reported earlier cargo commodity trading mishaps,” he stated.

“The Singapore bunkering sector itself is contained in an ecosystem which leaves very little room for fraud manipulation.

“This is because the Singapore bunkering sector is very much regulated by the Maritime and Port Authority of Singapore (MPA), whereas the cargo trading sector is not regulated by anyone.

“Further, the bunker business has been holding in Singapore despite the downturn in economy and Covid-19; to date, no bunker supplier this year has closed business due to the broader economic challenges brought about by Covid-19.

“In fact, overall bunker demand at Singapore port has increased while sales volumes at other international ports decreased.

“We are very optimistic on the growth of the Singapore bunker sector, and back this up with the latest round of investments.”

Related: Consort Bunkers takes productivity to new levels with latest fleet expansion

 

Photo credit: Consort Bunkers
Published: 16 November, 2020

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Alternative Fuels

Singapore-based ONE celebrates maiden voyage of methanol-and-ammonia ready boxship

Following the successful deployment of “ONE Singapore” and its sister vessels, “ONE Solidarity” will be deployed on the Mediterranean Pacific South 2 (MS2) service.
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Singapore-based ONE celebrates maiden voyage of methanol-and-ammonia ready boxship

Singapore-based container shipping company Ocean Network Express (ONE) on Thursday (3 July) said it celebrated the maiden voyage of containership ONE Solidarity as the ship made its first-ever arrival in Shekou, China. 

“As one of our S-series methanol and ammonia ready container vessels, ONE Solidarity is another demonstration of ONE’s commitment to sustainable shipping,” the company said in a social media post. 

Following the successful deployment of ONE Singapore and its sister vessels, ONE Solidarity will be deployed on the Mediterranean Pacific South 2 (MS2) service. 

“Her deployment will boost our service capacity, ensuring faster, more reliable, and highly efficient shipping offerings across key global trade lanes,” the company added.

 

Photo credit: Ocean Network Express
Published: 3 July, 2026

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Alternative Fuels

“Lucia Cosulich” enters final preparation ahead of bunkering operations

Following delivery of the ship in China, it will now enter the final preparation phase ahead of its next operational steps, strengthening Fratelli Cosulich’s ability to provide reliable bunkering solutions.
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“Lucia Cosulich” enters final preparation ahead of bunkering operations

Fratelli Cosulich Marine Energy on Thursday (2 July) celebrated the delivery of Lucia Cosulich at Taizhou Maple Leaf Shipyard in China.

The vessel is the second of four sister methanol-ready IMO II bunker tankers developed within the Group’s fleet expansion programme and follows the launching ceremony held on 2 May 2026.

Designed to support the Group’s bunkering operations and future fuel requirements, Lucia Cosulich is part of the new generation of vessels developed by Fratelli Cosulich Marine Energy to combine operational reliability, safety and fuel flexibility.

Lucia Cosulich will now enter the final preparation phase ahead of its next operational steps, further strengthening the Group’s ability to provide reliable bunkering solutions.

“We wish Lucia Cosulich and her crew fair winds on the next stage of her journey,” the company said. 

Related: Fratelli Cosulich launches second methanol-ready bunker tanker in China

 

Photo credit: Fratelli Cosulich
Published: 3 July, 2026

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Business

Glencore backs FincoEnergies’ biofuel growth with majority stake acquisition

With Glencore’s support, FincoEnergies is well positioned to continue expanding its offerings in biofuels across multiple transport segments and to increase its presence in new geographies.
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Dutch biofuel supplier FincoEnergies on Thursday (2 July) announced the completion of global commodities trader Glencore’s acquisition of a majority stake in the company, forming a partnership with Coloured Finches.

FincoEnergies said its fuel distribution and logistics infrastructure, customer relationships and expertise in downstream fuel transportation will be complemented by Glencore’s global scale, sourcing capabilities and experience across the energy value chain.

With Glencore’s support, FincoEnergies added it is well positioned to continue expanding its offerings in biofuels and decarbonisation solutions across multiple transport segments and to increase its presence in new geographies.

Jan-Willem van der Velden, FincoEnergies CEO and Founder, said: “Today marks an exciting next step for FincoEnergies. Glencore already knows our business well, and this builds on years of collaboration, trust and shared ambition. With Glencore’s support and global reach behind us, we are in a strong position to continue growing our business and supporting our customers as demand for lower-carbon fuel solutions continues to evolve.”

Maxim Kolupaev, Head of Glencore Energy UK, said: “Glencore’s investment in FincoEnergies strengthens the presence of our business in Northwest Europe and creates a strong platform for future growth. We are looking forward to continuing to work closely with the FincoEnergies team and building on the successful relationship we have already developed together.”

Manifold Times previously reported FincoEnergies signing an agreement with Glencore for the acquisition of a majority shareholding in the FincoEnergies Group in a partnership with Coloured Finches.

Related: Glencore acquires majority stake in Dutch biofuel supplier FincoEnergies

 

Photo credit: FincoEnergies
Published: 3 July, 2026

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