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Nor-Shipping Exhibition 2023

Nor-Shipping is a prestigious event that has been attracting key players in the maritime industry for nearly 60 years. The event provides a platform for strategic deal-making, networking, and collaboration opportunities for leaders across the entire maritime value chain, including representatives from the press.

One of the primary focuses of Nor-Shipping is sustainable ocean development. The event aims to assist leading maritime players in charting profitable courses into the future while aligning with the United Nations Sustainable Development Goals.

The event serves as a showcase for cutting-edge Norwegian and international companies to highlight their innovations that provide a competitive advantage to their customers. Nor-Shipping facilitates the convergence of the maritime, tech, finance, and broader business segments, fostering a platform for mutual learning, forging partnerships, and accessing new economic value-creation opportunities. Delegates and visitors have the opportunity to experience firsthand the products, services, and companies that are driving the new age of ocean industry development.

The European Union funds the Greek port of Alexandroupolis with $26.0m

An investment of 26 million euros has been secured by Greece to upgrade the port of Alexandroupolis in the Northern Aegean Sea. As announced by the Hellenic Republic Asset Development Fund (HRADF), the funds will enhance the port’s facilities and transform it into a regional energy hub. Alexandroupolis, located near Bulgaria and Turkey, has previously been used by the US military to unload and transfer munitions to NATO’s western flank. European energy imports will be able to enter the port through this port. Additionally, a floating gas and regasification unit (FSRU) is being built near the city by Gastrade, which will store and transport liquefied natural gas (LNG) to Europe. As Greece and Bulgaria seek to revive a pipeline for transporting crude oil from the port to Burgas, the development is expected to benefit both countries. According to HRADF, EU funds will be used for dredging works and road infrastructure construction. Finally, end of last year, the Greek Government decided to cancel the sale of a 67% stake in Port of Alexandroupolis, citing the port’s strategic, geopolitical, and energy significance for the country, emphasizing the need for its control by the Greek government. In response to the Russian invasion of Ukraine, HRADF noted that the port had gained greater value as a weapons facilitation center

Bunkering services

Interested in Bunkering Services? Important points to keep in mind.

Bunkering services refer to providing fuel to a ship either afloat or while the ship on a bunkering station. Many components are covered by ship bunkering services. The purpose of this article is to highlight the importance of bunkering services, as well as the important factors to think about when providing a ship bunker.

What are Bunkering Services?

Bunkering is the process of providing fuel for propulsion, mainly by other ships’ use (called bunker ship), including the logistics of loading and distributing the fuel on board. A person dealing in the trade of bunker (fuel) is called a bunker trader. The term bunkering originated during the steamship era when coal was stored in bunkers. The term bunker nowadays refers to petroleum products stored in tanks and bunkering to the practice and business of refueling ships. In seaports, bunkering operations include the storage and supply of ship fuel (bunker).

The importance of Bunkering

A bunker is important since it powers a ship’s engine and moves it from point A to point B. When buying bunkers, it is important to choose the right counterpart in order to secure the agreed bunker specification, quality and quantity on delivery. The expense for bunkers represent a large portion of a vessel’s daily OPEX, so it’s critical it’s bought at the right time, supplied as agreed, so the vessel isn’t delayed, and the quality is right so that the vessel doesn’t have problems burning the oil or worse, breaks down.

What is the process of bunkering?

Bunkering can take place onshore or offshore, with the bunkers pumped into the receiver vessel through a bunker hose. Bunkers can be loaded onshore using a tank truck or pipeline station; onshore bunkering is handled by a bunker barge, called STS (ship-to-ship).

What is ship-to-ship (STS) bunkering?

An STS or ship-to-ship transfer refers to the transfer of a ship’s cargo, which can be oil or gas cargo, between two merchant tanker vessels positioned alongside each other. Either the ships can stand still or the STS operation can also be performed while ships are underway. But it requires proper coordination, equipment, and approval to perform such an operation. Both the masters of the ships are responsible for the entire STS operation.

The stages of bunkering operation

The bunkering procedure on a ship can be divided into three important stages:

  1. Preparation– Preparing for the bunkering operation which will involve the readiness of bunkering equipment, storage tanks, and bunkering safety
  2. Perform– Performing the bunkering operation in real-time as per the pre-decided procedure and receiving the marine fuel according to the bunker plan
  3. Wrap-up– Wrapping up the bunkering operation with utmost safety and ensuring the correct amount and quality of bunker fuel has been received onboard from the bunkering facilities (bunker ship or shore truck etc.)

What are the three main types of bunkers?

The most common types of bunkers are Low Sulphur Fuel Oil, High Sulphur l Oil, and Low Sulphur MFueGO.

What is the cost of bunker fuel?

The price for bunkers depends on what kind of product is required, which port it is required in, and the current price level of the crude oil at the given moment. The market price is traded globally and is altered on daily basis based on numerous factors on a macroeconomic level.

What is the bunker cost in shipping?

It is the cost of the bunkers a vessel consumes to move cargo from A to B. The cost depends on which type of bunker the vessel use, how much is used, and at what market level it has been purchased.

Why choose Karval Shipping Agency for bunkering in Greece?

Our team can undertake all necessary formalities and coordination with the physical bunkering supplier chosen by the owner’s or charterers’ side and arrange the delivery on board once all procedures have been conducted and reported to the Port & Customs Authorities.

In addition, we can provide you with independent Bunkering Surveyors to be on board the vessel during the bunkering operation and take necessary measurements, prepare the respective reporting, and take the necessary oil sample.

Also, bunker oil sample analysis can be carried out in certified laboratories in Piraeus, Greece or to be sent abroad to the designated labs of the owners’ or charterers’ desire.

We support the recent IMO regulations towards CO2 emission reduction and we are closely monitoring the renewable fuels updates to keep our clients informed.