Business

Consort Bunkers takes productivity to new levels with latest fleet expansion

Latest seven 8,000 dwt newbuild sister ships are able to offer two grades of marine fuel in a single bunker delivery operation, says Director and General Manager.

Published

7 years ago

May 16, 2019

Admin

Singapore-based bunker supplier and logistics services provider Consort Bunkers Pte Ltd is expecting deliveries of its latest seven 8,000 dwt newbuild vessels to enhance marine fuel delivery operations at the republic.

The Chinese build ships feature Japanese made components for essential operating machinery (e.g. pumps. Engines, etc); each has a total cargo capacity of 7,500 mt for up to three types of products via segregated cargo lines and is equipped with two Endress + Hauser mass flowmeters (MFMs) for simultaneous dual grade bunker delivery operations.

“These vessels are the result of a fleet renewal plan initiated in 2016 when we were approached by oil majors to upgrade our existing own and chartered fleet with higher quality newbuildings,” Yeo Siok Keak, Director and General Manager of Consort Bunkers, told Manifold Times.

“We see value in the market coming 2020, a period when new regulations and a wider variety of 0.5% sulphur limit compliant fuels are introduced, and have built these bunkering vessels to get the job done.”

A feature of the vessels, an option to offer two different grades of marine fuel in a single bunker delivery operation, is a unique function not available to the majority of bunker tankers in the Singapore market.

“Initially, our intention was to build upon the proven efficiencies which MFMs offer by further improving on productivity with these dual grade barges,” notes Yeo.

“However, it seems we are now seeing increased interest from oil majors and reputable traders keen on chartering these larger and modern newbuilds.

“As such, we are now evaluating our position where possibly more than half of the new fleet will be chartered out, with the remaining barges used to continue supporting our own physical bunker supply.

“This falls in line with Consort’s long term strategy of diversifying our business model to include a combination of time charters, spot barging and sales.”

To date, the company has already taken delivery of five bunker tankers, namely Pearl Mercury, Pearl Mercure, Pearl Melody, Pearl Mimosa and Pearl Mutiara; the remaining two vessels, Pearl Maya and Pearl Majestic, are expected to be delivered by the third quarter of 2019.

Consort also operates in the Middle East via bunkering subsidiary Pearl Marine which supplies marine fuel at Fujairah, Khor Fakkan and Jebel Ali, and has recently started marine refuelling operations at the Port of Zhoushan and Ningbo in China through subsidiary Consort Bunkers (Zhoushan) Co. Ltd.

The company ranked 11th in the Maritime and Port Authority of Singapore (MPA) list of top bunker suppliers by volume in 2018.

It entered formal intentions with Zhoushan-based companies to collaborate in maritime logistics, bunker supply and wholesale petroleum trading in 2018.

Photo credit: Consort Bunkers
Published: 16 May, 2019

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.

Published

1 day ago

July 3, 2026

Admin

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

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.

Published

1 day ago

July 3, 2026

Admin

“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.

Photo credit: Fratelli Cosulich
Published: 3 July, 2026

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.

Published

1 day ago

July 3, 2026

Admin

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.

Photo credit: FincoEnergies
Published: 3 July, 2026