Tech News, Magazine & Review WordPress Theme 2017
  • Supply Chain Updates
  • GLOBAL NEWS
  • REGIONAL NEWS
  • Industry Buzz
  • CURRENT ISSUES
No Result
View All Result
  • Supply Chain Updates
  • GLOBAL NEWS
  • REGIONAL NEWS
  • Industry Buzz
  • CURRENT ISSUES
No Result
View All Result
United States Supply Chain Management Council
No Result
View All Result
Home Supply Chain Updates

Cargill and Maersk Tankers partner to launch new bunker procurement service

usscmc by usscmc
February 23, 2021
Cargill and Maersk Tankers partner to launch new bunker procurement service
Share on FacebookShare on Twitter


Written by


Nick Blenkey

image description

Image: Maersk Tankers

Maersk Tankers has entered a strategic partnership with one of the world’s largest vessel charterers, agribusiness giant Cargill, that will see the two companies combine their bunker volumes.

They will offer a new bunker procurement service to tramp shipping companies and trading houses. The initial goal is to procure bunker fuel for Cargill and Maersk Tankers’ combined fleet, while aiming to attract additional customers in the coming months.

The service will leverage Cargill’s in-house bunker expertise and Maersk Tankers’ commercial and operational capabilities and will launch on April 1, 2021.

Cargill currently charters a fleet of around 700 vessels and procures 2.5 million tons of marine fuel per year. Maersk Tankers will add the volume stemming from its commercially managed fleet of more than 220 product tankers, increasing the joint annual bunker volume to 3.5 million tons.

The increased scale and one voice approach is intended to give access to better prices and services, leveraging relationships with key suppliers in the world’s busiest bunkering hubs to ensure optimal service and bunker premiums.

“As independent bunker consumers with no physical oil activity or bunker assets, there will be no conflicts of interest,” said Olivier Josse, Head of Tankers and Marine Fuel at Cargill Ocean Transportation. “We can therefore focus on providing transparency, robust benchmarking, and a modern and digital customer experience. We are excited to collaborate with Maersk Tankers and together we have ambitious plans to become a unique provider of bunker solutions.”

The new one-stop-shop will give customers enhanced access to market information, optimization of bunker logistics, and improved claims support.

By digitizing, centralizing and analyzing the large amount of available data, the service will offer increased reactivity to market conditions and refined views on short and mid-term price outlook.

“Tramp shipping companies face challenges today in a bunker market that is becoming increasingly complex,” says Claus Gronborg, Chief Investment Officer at Maersk Tankers. “With our new bunker procurement service, we want to make their lives easier.

“Through our scale, they will get access to bunker fuel at competitive prices, while getting an experienced partner that will navigate the bunker market on their behalf. We are excited to venture into this together with Cargill and utilize our combined expertise to provide this new solution to both our pool partners and other shipowners and operators.”

As the maritime industry transitions towards carbon-neutral to meet the IMO’s target to reduce GHG by 50% by 2050, the bunker market will go through a radical transformation.

Cargill and Maersk Tankers are united in their firm commitment to accelerate decarbonization and are building expertise in the use of new fuels and technologies. The new bunker service will provide unique access to future marine fuels, including Cargill’s growing internal biodiesel business.

This partnership follows a series of strategic collaborations between Cargill and Maersk Tankers.

In 2019, Cargill and Maersk Tankers created a joint MR tankers pool and launched Project Njord with Mitsui & Co to bring turn-key energy-saving solutions to the market. Last year, Cargill became a strategic investor in ZeroNorth, a tech start-up focusing on vessel performance optimization and decarbonization founded by Maersk Tankers.

usscmc

usscmc

Recommended.

Scouting group receives grant for cargo trailer – Times-Standard

Scouting group receives grant for cargo trailer – Times-Standard

July 30, 2020
New warehousing to be built in Gemini

New warehousing to be built in Gemini

January 26, 2020

Trending.

Sikorsky and FedEx quietly begin single-pilot tests for cargo airliners

Sikorsky and FedEx quietly begin single-pilot tests for cargo airliners

February 19, 2021
NABU: Investigation on COVID-19 vaccine abuse not to impede procurement | KyivPost

NABU: Investigation on COVID-19 vaccine abuse not to impede procurement | KyivPost

February 19, 2021
PC Inventory Software Market Size, Share, Industry Growth, Trend, Business Opportunities, Challenges, Drivers and Restraint Research Report by 2027

Thermoelectric Material Market Size 2021

February 19, 2021
New video shows massive scope of California box-ship traffic jam

New video shows massive scope of California box-ship traffic jam

February 12, 2021
US and allies to build ‘China-free’ tech supply chain

US and allies to build ‘China-free’ tech supply chain

February 24, 2021
United States Supply Chain Management Council

Categories

  • Global News
  • Supply Chain Updates

Tags

APICS Globally Recognized Supply Chain Certifications IIPMR Certifications International Institute for Procurement and Market Research (IIPMR) ISM Next Level Purchasing Top 5 Supply Chain Certifications top supply chain certifications

Trending

Covid: Vaccination of Isle of Man air and sea crews brought forward – BBC News

Rogers Releases Inaugural Environmental, Social and Governance Report

Rabi procurement to commence on April 1

Global Energy Ventures (ASX:GEV) to develop zero emission supply chain

  • Privacy Policy
  • Terms of Use
  • Antispam
  • Disclaimer
  • Contact Us

© 2021 www.usscmc.com

No Result
View All Result
  • Supply Chain Updates
  • GLOBAL NEWS
  • REGIONAL NEWS
  • Industry Buzz
  • CURRENT ISSUES

© 2021 www.usscmc.com

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.