Red Sea Bunkering and Bunker One have formed a new strategic partnership aimed at establishing Djibouti as marine fuels hub.
According to the companies, the alliance is expected to create a competitive bunker alternative to other locations in and around the North African region.
‘This commercial alliance will increase the competitiveness and growth of Red Sea Bunkering in the region and will offer its customers a worldwide solution with the global connection of Bunker One,’ said George Vettori, CEO of Red Sea Bunkering.
Mads Uldal Borggaard, Managing Director of Bunker One, Africa, added: ‘Together we will be able to ensure the full supply chain from blending, freighting, hedging, storing, and delivering products to our clients in Djibouti on the prompt and in the future with the coming transitions in the bunker space.
‘With this alliance we aim to position Djibouti as a key regional bunker hub for all ships calling and passing Djibouti for years to come.’
The bunker barges MT Red Sea 1 and MT Ver will carry out bunker operations. The partnership will also benefit from 80,000 DWT of floating storage through the MT Gss.
‘We are delighted with the alliance between Red Sea bunkering and Bunker One, which goes hand in hand with our vision of making Djibouti the main bunkering hub of the region,’ said the Chairman of Red Sea Bunkering and Djibouti ports and Free Zones Authorities, Aboubaker Omar Hadi.
Through the partnership, very low sulphur fuel oil, high sulphur fuel oil and marine gasoil will be available.