11SEP2018 - NEWS - AISSOT Bunkers Spreads its Wings from Iraq to Egypt

AISSOT Bunkers after successfully stabilizing bunkering operations in Iraqi Territorial waters have now bagged the bunker license to operate in Suez Canal / Egyptian Territorial Waters.

AISSOT has partnered with a local Egyptian Company OMS Energy who have been authorized by Nile Oil Company (a Company under Ministry of Oil, Egypt) for commencing physical bunker supplies at SUMED berth and Egyptian Territorial Waters. AISSOT will handle the entire supply chain logistics and marketing of Bunker fuels under this arrangement. 

AISSOT has already mobilized bunker barges and a floating storage and expect to commence physical supplies of RMG 2010 specifications and Low Sulphur Gasoil by the end September 2018.

As about 1200 ships cross Suez Canal every month and as there is a natural waiting period of 12 to 18 hours to cross the channel; provides a good opportunity for the ships to bunker and utilize this waiting period. 

Currently vessels transiting Suez Canal struggle to obtain bunker fuels at competitive price in the region. Long haul ships must divert to nearby ports to obtain bunkers that too at very high prices. At times long haul ships carry huge quantity of bunkers thereby reducing their freight earning tonnage. With availability of bunkers at Suez, shipowners can maximize cargo and top-up at Suez on their onward voyage. 

AISSOT plans to offer bunker fuels on consistent basis and competitive levels meeting MARPOL and ISO guidelines. AISSOT already has experience of starting bunkering operations in Iraq from grassroot level and we wish to replicate the same success story in Egypt as well. 
AISSOT’s bunker supply barge is SIRE approved & accepted by almost all Oil majors. Specifications of the bunker fuel offered meets ISO:8217-2010 specifications. All supplies will be done as per MARPOL guidelines. 

This is in line with Egyptian Oil Ministry’s vision to strengthen activities in the field of bunkering, shipping, marine services, and oil trading at Suez Canal which in turn will bring additional revenue and generate employment for the country.

Published by Editor - www.Livebunkers.com at 11-Sep-2018 05:26:40 [UTC] , contact editor at editor@livebunkers.com