Marine fuel suppliers Bunker One and Red Sea Bunkering have forged a new strategic alliance, with the goal of making Djibouti a key bunkering hub.
The aim is to establish Djibouti as a competitive bunker alternative to other sites in and around North Africa.
This commercial partnership is expected to unify Djibouti-based Red Sea Bunkering’s operational experience and Bunker One’s experience in the supply chain.
The goal is to fortify Djibouti’s position as ‘one of the main’ bunkering locations on the trade course.
Bunker One Africa managing director Mads Uldal Borggaard said: “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.”
For performing bunkering supplies, the deployment of bunker barges MT RED SEA 1 and MT VER will take place.
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Completely equipped for bunkering operations, these barges have been developed in accordance with the ‘highest’ industry standards.
Along with MT GSS, a floating storage tanker of 80,000DWT in Djibouti, the partners will be able to supply a compliant and stable flow of products to clients.
Under the partnership, very low sulphur fuel oil (VLSFO), high sulphur fuel oil (HSFO) and marine gas oil (MGO) that meets ISO 2010 specifications will be available in Djibouti.
This new partnership is also expected to promote development in Djibouti, thereby benefiting the entire industry.
In August, Bunker One entered into a partnership to deliver fossil-free hydrotreated vegetable oil biodiesel for Denmark-based ferry operator Molslinjen’s Fanølinjen ferry link.