Bomin Confirms Office Closures, Says Bunkering is in a "New Era"

Bomin says the marine fuel supply chain "is experiencing significant transition and change."

The Bomin Group today has confirmed it is to close its trading offices in Athens and London, and that the bunker industry is in a "new era."

In a statement released to Ship & Bunker today, Bomin said the marine fuel supply chain "is experiencing significant transition and change, in line with new regulations and added complexity.

"It is therefore critical that Bomin’s global infrastructure and resources are invested in the right areas to ensure it can meet the customers’ requirements. As part of this process the company has increased its physical infrastructure in key areas including Singapore and in Europe, in line with its value driven physical trader model."

Bomin says that in future it will not focus resources where there is no strategic alignment with its overall business strategy, and the closure of its operations in Athens and London are a result of this policy.

Existing customers in these regions will be serviced through Bomin’s global network, Bomin added.

"In this new era for bunkering, success will be defined by investing resources in areas that drive growth, and in creating a strong and a robust infrastructure to meet ship owners’ increasing challenges in relation to the marine fuel supply chain," said Thomas Roller, Managing Director, Bomin Group.

"Therefore, it is critical for us to concentrate on operations that support our business model. We want Bomin to be the preferred partner of choice for fuel supply, founded on ensuring quality, integrity, and commercial responsibility, as well as respected for running a profitable and sustainable business."

Following earlier industry speculation on the matter, Ship & Bunker reported yesterday that the move had been welcomed by some industry observers.