GP Global today announced the expansion of the group’s bunkering portfolio with the launch of its new bunkering operation in the port of Jebel Ali in Dubai.
Jebel Ali Port, operated by DP World, contributes over 26 per cent to Dubai’s GDP and along with Jebel Ali Free Zone (JAFZA) provides Dh151 billion ($41.1 billion) or 10.7 per cent to the UAE’s national GDP making it a key player in the development of the UAE economy.
GP Global’s new bunkering operation includes two wholly owned barges, each with a capacity of 4,800 MT of fuel oil and 1,000 MT of gas oil, which will deliver MAROPOL and ISO-compliant distillate marine, including high quality marine gasoil (MGO) grades such as DMA and DMB as well as residual fuels including RMG and RME grades, said a statement.
Subsequently, GP Global will continue to champion the bunkering industry’s needs for ISO-compliant high sulphur grades, working closely with its customers and partners on cleaner energy solutions, it said.
The new Jebel Ali bunkering operation of GP Global complements its operations in the UAE at the Port of Fujairah, where it had set a group milestone by completing its first delivery of IMO compliant fuel oil, three months ahead of the January 2020 deadline.
The group’s entire bunkering operations in the UAE – including Dubai and Fujairah – is supported by GP Global’s trucking business to cover fuel oil and marine gas oil in major ports in the country.
Anil Keswani, Head of Bunkering, East of Suez at GP Global, said: “Our East of Suez business has reported a growth of over 25 per cent last year in revenue, which underlines the strong opportunity and potential of the region. With our new bunkering operation at Jebel Ali Port, we are not only consolidating our strengths in the bunkering business by continuing to invest in our physical presence in all major international ports, but also demonstrating our commitment to building a robust and reliable supply chain to meet customer needs. With this, we now offer a global network that can meet the requirements of marine fuel supply as per IMO guidelines.”
The strategic location of Jebel Ali Port will catalyse GP Global’s bunkering business, given the effortless connectivity that the port offers in linking South Asia, North America and the Middle East. With proven strengths already in bunkering, the new operation will further position the company as the leading name in the industry, it said. – TradeArabia News Service