BMS United Bunkers Welcomes Another Member to The Group
As of May 1st, BMS United Bunkers Group and Asia specialist International Bunker Services (IBS) have come to an agreement of merging the two organizations, establishing one of the largest bunker trading groups not only in Asia, but globally.
Executive Group Director Lars Nielsen commenting on the merger:
“BMS United Bunkers has been looking for a partner to further strengthen our position in key areas in the Asian region. International Bunker Services is a perfect match, adding strategically important offices and knowledge to our Group. Both companies share the values of service excellence and partnership, while we both have the mentality of always putting the customer first. To my belief this is how the way for a successful business is paved. Finally, we expect a lot of synergies from this union, not only in respect of offering more efficient and economical solutions to our clients, but also from bringing more volume to our suppliers and enhancing our operational efficiency.”
BMS United Bunkers and International Bunker Services will for the time being continue under their existing brand names, under the BMS United Bunkers Group umbrella.
Managing Director of International Bunker Services Rong Zhou adds:
“I am very happy for the warm welcome to the BMS United Bunkers Group. I am of the strong belief that we have found the perfect partner who will allow us to continue our strong focus in the region, as well as supporting our customers for their Global business.”
Managing Director of BMS United Bunkers South East Asia George Kounalakis comments:
“With the addition of the strong team of International Bunker Services complementing our efforts in Hong Kong, and the incorporation of an office in Far East Russia, we now stand as a leading bunker trading Group in the region”
BMS United Bunkers Group: Greece, Cyprus, Hong Kong, Singapore, Far East Russia, Indonesia, China, Argentina.
Skangas duel fuel LNG carrier Coral Energy (image credit/Skangas)
Liquified natural gas (LNG) bunker tanker Coralius has made its first trip loading and delivering LNG to and from Norwegian ports, according to trade press reports.
The 5,800 cubic meter capacity tanker, which is owned by Norwegian gas company Skangas, was delivered to the company in June. Skangas also operates LNG carrier Coral Energy.
OPEC Cutback Extension to be Discussed in November, But Developments Could Render Any Deal Meaningless
Analysts say everything from Saudi exploration to rising tensions with North Korea could radically alter the dynamics of the international market. File Image / Pixabay
Ever since the Organization of the Petroleum Exporting Countries (OPEC) extended the duration of its production cuts earlier this year to March of 2018, speculation has been rampant that the meager cutback volume coupled with the large number of members