- marine fuel supplier Bunker One increased its market share over the past 12 months with a 20% gain in bunker volumes
- Bunker One recently added biofuel to its supply offering in the Danish Straits and is looking to expand supply to other regions
The Bunker Holding subsidiary increased its market share in the last financial year and has flagged up its ambition to establish a physical supply operation in East Africa says an article on Bunkerspot.
20% Volume Gain in 2020/21
Announcing its results for FY20/21 today, Bunker One did not give more detail about its volume increase or its financial performance over the past year, but it noted it had made ‘steady headway’ in growing market share and strengthening its physical operations.
In the US, one of the company’s key markets, Bunker One has established the cargo brand Synergy Supply & Trading and has also grown its land-based fuel offering through Bunker One Land Fuel Services.
Highlighting its ambitions to set up a supply base in East Africa, the company said this would offer ship owners additional flexibility in the form of access to bunkering while staying within the main maritime trade routes between Asia and West Africa.’
Additions
Bunker One recently added biofuel to its supply offering in the Danish Straits and is looking to expand supply to other regions. Addressing the issue of shipping’s energy transition, the company said it is aware that the transition to carbon-neutral fuels will take time, and it is gearing up to help its clients in the intermediary period.
CEO Peter Zachariassen commented: ‘We know that we are entering unchartered waters and that it will take time before the industry settles on specific carbon-neutral fuel types. But we know by experience that it’s imperative to stay attuned to the trends surrounding the development of sustainable fuels, which is why we will continue to intensify our efforts in building knowledge and capabilities in this area.
‘This is to ensure we can invariably provide the right technical know-how and expertise when our clients approach us for support and advice – our door is always open.’
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Source: Bunkerspot
