Aramco Trading Company Starts Bunkering Operations in the Red Sea
On June 29, 2021, Aramco Trading Company (ATC), a wholly-owned subsidiary of Saudi Aramco and its commercial trading arm, announced it has commenced bunkering operations at Yanbu Industrial Port (also known as The King Fahd Industrial Port), in Saudi Arabia, in collaboration with the Ministry of Energy, the Saudi Customs Authority and the Saudi Ports Authority (Mawani).
Image Attribute: The King Fahd Industrial Port/ Yanbu Industrial Port
ATC has commissioned a 6,000-deadweight tonnage (DWT) barge, the MT Halki (IMO: 9417957), equipped with mass flow meters. Its first delivery of 1,600 metric tons (MT) of very low sulfur fuel oil to MT Lake Trout (IMO: 9314193) complied with International Maritime Organization regulations, which mandate a maximum sulfur content of 0.5%. The logistics turnaround time also met international standards.
Image Attribute: MT Halki (IMO: 9417957)
Image Attribute: MT Lake Trout (IMO: 9314193)
ATC maintains storage and blending facilities at Yanbu capable of supplying up to 150,000 MT of bunker supplies per month, with the potential for further upscaling.
Ibrahim Al-Buainain, CEO of ATC, said: “ATC intends to offer a world-class bunker supply service, adopting industry best practices to ensure a safe, reliable and competitive package to shipowners in one of the world’s busiest sea routes. Yanbu is strategically located southeast of the Suez Canal in the Red Sea, and we seek to provide shipowners with certainty around pricing, availability, quality, and logistics to develop Yanbu’s potential as a bunkering hub in the region.”
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