World News
Bomin Says New Office Closures Support Regional Hub Structure, Positioning for 2020
The Bomin Group (Bomin) today announced that, as part of the company's efforts to establish four regional hubs - a move it says will strengthen its services worldwide and position the company to better serve its clients into 2020 - the company is closing its offices in Rio de Janeiro, Tallinn, and Madrid, as well as its physical supply operations in Estonia and Spain.
Bomin says regional hubs in Hamburg, Houston, Dubai, and Singapore will support the company's offices and operations in Europe, the Americas, the Middle East and Africa, and Asia.
The hubs are intended to ensure global alignment, service quality, and cost-effective fuel supply solutions in line with customer needs, says Bomin.
"Strengthening our regional hub structure enables closer customer relationships. It allows us to better support our customers by providing universal quality and service standards in every physical supply and trading operation worldwide," said Thomas Roller, Managing Director of Bomin.
"Ship owners need a solution-driven approach to fuel supply. The changes we have made will ensure that Bomin is well prepared to master the challenges of the upcoming IMO regulations in 2020."
Effective January 2017, Bomin says it will be closing its office in Rio de Janeiro, continuing to serve related customers from its Houston hub.
Also in January 2017, physical operations in Estonia and Spain will be suspended, and offices in Tallinn and Madrid will be closed, with customers being serviced from the Hamburg hub.
"These measures safeguard the implementation of Bomin's strategy for delivering long-term and sustainable growth for the business," explained the company.
The news follows developments in October that saw Bomin exit its LNG bunker joint venture, and expand its physical operations in Singapore.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.50 | 0.00 | 665.50 | 1.00 |
| Rotterdam | 512.00 | 3.00 | 663.00 | 0.50 |
| Houston | 545.50 | 3.00 | 666.00 | 9.50 |
| Fujairah | 560.50 | 0.00 | 743.50 | 1.50 |
| Global 20 Ports Average | 584.00 | 1.00 | 751.50 | 2.00 |
| Global 4 Ports Average | 547.50 | 0.00 | 684.50 | 2.50 |
| Global Average Bunker Price | 633.50 | 0.50 | 805.50 | 0.00 |
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