Asia/Pacific News
Adani Bunkering Reports Conclusion of "Major" Bunker Deal
Adani Bunkering Thursday in an emailed press release reported the conclusion of what it called a "major" bunker deal said to be the largest deal recorded on the Indian Sub-Continent for bunkering along the outer road.
The contract was said to have been made on Tuesday with Lanka IOC PLC (LIOC), Indian Oil Corporation's subsidiary in Sri Lanka, and was concluded by Adani Bunkering's trader Shubhanshu Chaturvedi.
The stem involved 4,500 metric tonnes (mt) of marine fuel being supplied to the 298,324 dwt Greek flagged VLCC Kimolos at Sri Lanka's port of Colombo.
The region's previous largest stems were 2,800 mt in Colombo, and a 3,400 mt stem in India that was concluded in October, the supplier noted.
Adani Bunkering is a physical bunker supplier in India's Gujarat Ports and Goa Port, wth infrastructure for bunkering operations based in Mundra port.
As previously announced, the supplier plans to expand its physical bunkering operations to Hazira and Dahej ports of Gujarat, and is also evaluating other ports for physical presence.
In October Ship & Bunker reported that Chemoil Energy Ltd., which had previously joint ventured to supply bunkers with Adani Enterprises through Chemoil Adani, sold its 49 percent interest in the JV to Adani with the resulting entity rebranded Adani Bunkering.
