Minerva Bunkering has completed its first ten bunker deliveries in Egypt, including to Hafnia’s MV Hafnia Azurite and Cargill Ocean Transportation’s MV Gat Feeling. Deliveries for ships awaiting north and southbound Channel transit convoys were made without wasting time in bunkering. Minerva is licensed to operate in the Suez Canal anchorages and 12 Egyptian ports including East and West Port Said, Alexandria, Damietta, Suez and Sokhna.
“With more than 23,000 ships transiting the Suez Canal each year and significant additional shipping traffic calling at domestic ports, Egypt represents one of the most strategically important maritime markets in the world. “We bring Minerva’s industry-leading physical supply chain, fuel quality performance and operational excellence and will add significant value to the international shipping community and its vessels that operate in Egyptian ports and waters,” said Tyler Baron, CEO of Minerva.
The new bunker service was developed in close cooperation with the Ministry of Petroleum, the Suez Canal Authority, the Suez Canal Economic Zone, the EGPC, the Ministry of Transport and all relevant port authorities.
“Minerva’s goal is to enable our customers to reduce their overall bunker procurement costs. Refueling ships while awaiting passage through the canal, avoiding the costly diversion and wasted time of a bunker-only dock, does just that,” continued Baron.
Minerva’s Egyptian service leverages its physical presence in the Mediterranean and increasing presence in Saudi Arabia’s Red Sea ports to create synergies and offer customers the option of multi-port delivery.
Minerva Bunkering is the largest physical provider of marine fuels and related solutions, serving ships calling at over 150 ports. The company procures products in bulk from a variety of sources and serves over 750 active customers across all major commercial shipping sectors including container ships, bulk carriers, cruise ships, tankers and ferries.
Minerva Bunkering is a wholly owned subsidiary of Mercuria Energy Group, one of the largest privately owned energy and resource companies in the world. For more information, see www.minervabunkering.com.