World News
Bunker Supplier Warns on Misuse of Company Name
Pakistan physical supplier Orion Bunkers DMCC today says it has been made aware that unauthorized third parties in the bunker supply market have been using its name without authorization.
“Orion Bunkers DMCC has been made aware through various sources that certain local physical suppliers have been using our company name and representing themselves in the market as operating under our umbrella,” Zishan Arshad, Director, told Ship & Bunker.
“We wish to clarify that Orion Bunkers DMCC operates as a completely independent entity. We have no subsidiaries, affiliates, or representatives authorized to act on our behalf. Any company or supplier claiming to work under our name is doing so without our consent or authorization.”
All official bunker supply operations, agreements, and communications are conducted solely and directly through Orion Bunkers DMCC, he added.
“We advise all clients, traders, and industry stakeholders to verify authenticity before entering into any business arrangements,” Arshad continued.
“Orion Bunkers DMCC remains committed to maintaining integrity, transparency, and professionalism across all operations.”
Orion Bunkers, who last year celebrated its completion of 20 years as a physical supplier, operates four barges supplying both VLSFO and LSMGO at Karachi and Port Muhammad Bin Qasim.
In 2022 the firm moved its principal entity to Dubai where it established Orion Bunkers DMCC.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 482.00 | 1.00 | 679.00 | 2.00 |
| Rotterdam | 442.50 | 1.00 | 665.00 | 3.50 |
| Houston | 461.50 | 0.50 | 660.00 | 1.00 |
| Fujairah | 483.50 | 1.00 | 736.50 | 2.50 |
| Global 20 Ports Average | 515.00 | 2.00 | 760.00 | 0.50 |
| Global 4 Ports Average | 467.50 | 1.00 | 685.00 | 0.00 |
| Global Average Bunker Price | 557.00 | 1.50 | 801.00 | 2.50 |
Popular Now More
-
Oct 06Michael Behmerburg has moved on from Bunker Holding as the firm announces a pause in plans to launch LNG bunker physical supply. -
Oct 07The move follows Molgas taking a 45% stake in Titan in December 2023, and sets it up as one of the largest LNG bunker suppliers globally at a time when conventional bunkering firms are hesitating over LNG plans. -
Oct 02The firm sees unfavourable market conditions for LNG bunkering, Bunker One's Peter Zachariassen tells Ship & Bunker.