Company continues physical expansion in the region, and has an MPA-approved Coriolis Flow Meter installed to ensure product quantity
OW Bunker, one of the world’s leading physical distributors and resellers of marine fuels, today announced the launch of its third barge in Singapore. The move is part of the company’s strategy to continue the expansion of its physical operation in the region. The vessel also has a Coriolis Flow Meter installed to ensure product quantity, which has been approved by the Maritime and Port Authority of Singapore (MPA).
Marine Noel, operated by Sinanju Tankers Pte Ltd, is a modern, 4, 700 DWT barge, built in 2012. The vessel has fast pumping rates and can distribute the full range of quality products to customers. It has been operational for OW Bunker from June 2014 and has made initial deliveries. In conjunction with using a Coriolis Flow Meter, customers are ensured of a fast and efficient service, as well as a guarantee on the quantity of products that they order.
“We are pleased to continue the expansion of our physical operation in Singapore. Asia is a critical region for OW Bunker, and we are committed to providing our customers with the highest quality products and services possible that deliver real operational and cost efficiencies, ” said Søren Christian Meyer, Vice President, OW Bunker.
“As part of this, and in line with our other vessels in the region, we have chartered an MPA-approved Coriolis Flow Meter barge called the Marine Noel. The MPA has shown real leadership in championing the use of Mass Flow Meters as a means of driving industry professionalism, and we are committed to supporting them in this initiative both in Singapore and as part of our wider strategy for our global fleet, ” continued Meyer.
OW Bunker launched its physical operation in Singapore in 2013. In addition to Marine Noel, the company has two other bunker barges in the region; NEPAMORA and An Hong, both of which also have Coriolis Flow Meters installed and are in the process of obtaining the MPA’s approval.
About OW Bunker:
OW Bunker is a leading global independent marine fuel (bunker) company founded in Denmark in 1980 with operations in 29 countries, including the world’s busiest and most important ports. OW Bunker acts as a physical distributor as well as reseller of marine fuel, and operates a global fleet of around 30 bunker vessels. OW Bunker also provides advanced risk management solutions aimed at controlling costs, minimising risk and protecting against market fluctuations.
Headquartered in Nørresundby, Denmark, OW Bunker is listed on the NASDAQ OMX Copenhagen and has over 600 employees globally. Read more on www.owbunker.com