Business

Mabanaft: ‘Unsatisfactory’ 2017 bunker results

‘The Mabanaft group realised strong sales, with a mixed overall business performance,’ says parent.

Published

8 years ago

June 1, 2018

Admin

Mabanaft, the trading division of Hamburg-based independent energy supply, trading and logistics group Marquard & Bahls (M&B), which oversees operations of bunkering firms Bomin, Matrix Marine and NWB Bunker recorded ‘unsatisfactory’ bunkering results in 2017, says its parent.

“The Mabanaft group realised strong sales, with a mixed overall business performance,” notes M&B in comments regarding its 2017 financial results.

“While wholesale trading and bunkering recorded unsatisfactory results, the positive trend in the retail sector continued.

“The merger of trading activities into ‘Global Books’ and further adaptions form a strong basis for the trading businesses future international growth.”

The trading group posted total oil product sales volume of 27.2 million metric tonnes (mt) during 2017, a 9.7% increase over 24.8 million mt in the year before.

Overall, M&B ended 2017 with net income of EUR 34.6 million and operating result of EUR 200 million.

“The tank storage logistics division again made a strong contribution,” it says.

“Aviation fuelling and the end-consumer business also achieved good to very good results.”

Oiltanking, the group’s tank storage logistics arm, recorded a successful albeit mixed year for 2017.

“Some sites saw a decline in capacity utilisation. At the same time, many contracts were extended and several major projects advanced,” it explained.

“In Matola, Mozambique, Oiltanking successfully commissioned a new tank terminal.”

At year-end, Oiltanking operated 80 terminals in 25 countries, with a total capacity of 21 million cbm.

M&B’s aviation fuelling division, Skytanking, had a good business year and continues its expansion.

“Many sites in Europe, India and Africa reported an increase in throughput volumes,” it shares.

“Key events included the start of aviation fuelling in Malta, and the acquisition of the Sun Jet Services Group in Germany.

“Following this transaction, Skytanking is now the market leader for aviation fuelling in the German, Switzerland and Austria region.”

At the end of 2017, Skytanking was represented at 71 airports around the world and recorded a total throughput of 18.1 million cbm of jet fuel.

Moving forward, M&B stated its intent to strive for further international growth in the future.

“The focus is on expanding the core activities of trading, tank storage logistics and aviation fuelling.

“The strong operating base and solid financial position provide a good starting point for future projects and plans.”

Photo credit: Marquard & Bahls
Published: 1 June, 2018

LNG Bunkering

Singapore: Eastern Pacific Shipping hits 700 LNG bunkering milestone

Since commencing LNG bunkering operations in November 2020, the company said it has completed a total LNG bunkering volume of 2,920,191 cubic metres.

Published

9 hours ago

August 18, 2026

Admin

Singapore: Eastern Pacific Shipping hits 700 LNG bunkering milestone

Singapore-based shipping firm Eastern Pacific Shipping (EPS) on Monday (17 August) said the company has successfully completed its 700th LNG bunkering operation, carried out for vehicle carrier Lake Victoria in Emden, Germany.

Since commencing LNG bunkering operations in November 2020, the company said it has completed a total LNG bunkering volume of 2,920,191 cubic metres (m3).

“Reaching 700 LNG bunkering operations reflects not only the scale of our investment in alternative-fuel capabilities, but also the experience, coordination and commitment of our teams at sea and ashore,” EPS said in a social media post.

“As we continue to grow and diversify our fleet, every operation adds to the practical experience needed to support shipping’s energy transition.”

Manifold Times previously reported the company completed a total of 530 LNG bunkering operations with over 2.4 million m3 of LNG bunkered, from the start of recorded data to 31 Dec 2025.

In its 2026 ESG Report, EPS said its fleet is among the largest dual-fuel fleets in the industry, with over 170 vessels designed to operate on alternative fuels.

In 2025, 25% of the fuel consumed by EPS fleet were alternative marine fuels, including LNG, LPG, ethane, and biofuels.

Photo credit: Eastern Pacific Shipping
Published: 18 August, 2026

LNG Bunkering

Yang Ming dual-fuel vessel completes first SIMOPS LNG bunkering operation in Shanghai

“YM Willpower” successfully received around 2,000 mt of LNG alongside active cargo handling, significantly enhancing operational efficiency during the port call.

Published

9 hours ago

August 18, 2026

Admin

Yang Ming dual-fuel vessel completes first SIMOPS LNG bunkering operation in Shanghai

Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) on Monday (17 August) said its 15,500 TEU LNG dual-fuel vessel, YM Willpower, successfully completed its first-ever LNG bunkering operation via SIMOPS (Simultaneous Operations) at the Port of Shanghai.

Through close collaboration with Shanghai International Port (Group) and SIPG Energy Shanghai, the vessel successfully received around 2,000 metric tonnes (mt) of LNG alongside active cargo handling, significantly enhancing operational efficiency during the port call.

With LNG dual-fuel technology, the company said it is continuing to expand alternative-fuel bunkering capabilities, enhance operational flexibility and efficiency and advance lower-carbon shipping solutions.

Manifold Times previously reported YM Willpower completing its first bunkering operation in Singapore.

In 2026, Yang Ming will progressively introduce newly built 15,500 TEU class container vessels primarily fueled by liquefied natural gas (LNG) into its operating fleet.

The lead vessel, YM Willpower, completed partial LNG bunkering at the shipyard prior to delivery and was officially deployed on 8 February into Yang Ming’s Far East–Mediterranean MD2 service.

Photo credit: Yang Ming Marine Transport Corporation
Published: 18 August, 2026

Methanol

Fratelli Cosulich launches methanol-ready bunker tanker in China

Designed with MarineLINE-coated cargo tanks and methanol readiness from the outset, “Carlotta Cosulich” combines operational flexibility with future-fuel readiness.

Published

9 hours ago

August 18, 2026

Admin

Fratelli Cosulich launches methanol-ready bunker tanker in China

Genoa-based marine fuel supplier Fratelli Cosulich on Monday (17 August) announced the launch of its new methanol-ready bunker IMO II tanker, Carlotta Cosulich.

The launch of Carlotta Cosulich, the third of four sister vessels, took place at Taizhou Maple Leaf Shipyard in China, bringing together the project team, partners and stakeholders.

Silvia Bordon, General Manager, served as the vessel’s godmother during the ceremony.

“Designed with MarineLINE-coated cargo tanks and methanol readiness from the outset, Carlotta Cosulich combines operational flexibility with future-fuel readiness,” the company said in a statement.

Equipped with a five-tonne cargo crane and dedicated arrangements for Single Point Mooring (SPM) operations further enhances her versatility across a wider range of bunkering operations.

“Following the successful delivery of her two sister vessels, she brings us one step closer to completing this four-vessel programme and reinforces Fratelli Cosulich Group’s commitment to safety, innovation, sustainability and operational excellence,” the company added.

Photo credit: Fratelli Cosulich
Published: 18 August, 2026