World News
Vopak Reports EUR 294.4 Million 2022 Profit, Pledges Further Green Transformation
Netherlands-based storage company Vopak has promised further transformation in the coming years to align with the decarbonisation agenda, as the firm reported a small dip in annual profits last year.
The firm reported an annual profit excluding exceptional items of EUR 294.4 million for 2022 in an earnings release on Wednesday, down by 1.3% on the year. The company's proportional occupancy rate was unchanged on the year at 88%.
Vopak is planning further transformation of its storage facilities in the coming years as it seeks to serve the new requirements of the energy transition.
This process has already been affecting the bunker industry, with Minerva Bunkering exiting its Los Angeles physical supply operation last month after Vopak decided to repurpose some of its storage to hold sustainable aviation fuel and biodiesel.
"Vopak will be a different company in 2030," CEO Dick Richelle said in the statement.
"Society will need new, sustainable products that we will handle.
"We will forge new partnerships and transform our company gradually but decisively, leveraging our strengths and capabilities.
"We will contribute to a low-carbon future by providing infrastructure solutions for new energies and sustainable feedstocks, by helping leading customers decarbonize, and by reducing our own environmental and carbon footprint."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 645.00 | 2.00 | 767.50 | 11.50 |
| Rotterdam | 600.00 | 8.00 | 751.50 | 13.00 |
| Houston | 627.50 | 9.00 | 796.00 | 11.50 |
| Fujairah | 649.50 | 0.00 | 889.00 | 0.50 |
| Global 20 Ports Average | 665.00 | 0.50 | 864.00 | 6.50 |
| Global 4 Ports Average | 630.50 | 5.00 | 801.00 | 9.00 |
| Global Average Bunker Price | 722.50 | 2.50 | 922.50 | 3.00 |
Popular Now More
-
Apr 19The firm has chartered the 7,994 DWT barge Margherita to add to the operation, operated by Fratelli Cosulich. -
Apr 18Singapore's authorities are in the process of developing a regulatory framework for a methanol bunkering licence, and plan to call for applications for the licence by the end of this year. -
Apr 19The company is looking for candidates with proven experience in bunker trading and demonstrated leadership experience.