OceanEXL, a leading provider of marine fuel solutions, has announced the expansion of its marine fuels supply chain with the launch of physical bunker fuel operations in KhorFakkan waters, UAE. Starting at the end of August 2024, this new initiative will introduce two key bunker fuel grades: High-Sulfur Fuel Oil (HSFO) 3.5% and Marine Gas Oil (MGO) 0.1%. These fuels will be marketed under the OceanEXL Bunkering brand and offered on a retail basis with delivered services.
Matthias Andreasen, Trading Director of OceanEXL, expressed his enthusiasm about this expansion, stating “Our entry into KhorFakkan represents a significant step forward in our commitment to enhancing service offerings and adapting to the dynamic needs of our clients. By investing further into the supply chain, we aim to bring our reliable and efficient bunkering services to this crucial port.”
Currently, OceanEXL operates physical setups by truck at all UAE ports under the OceanEXL Trading brand. The company’s operations extend beyond the UAE, with active engagements in cargo trading, chartering, and capital and asset management. This strategic diversification underscores OceanEXL’s role as a key player in the global energy market.
OceanEXL Group in Brief
With a robust presence in 20 countries, OceanEXL Group stands at the forefront of commodities trading, shipping, and finance solutions. The company’s diverse portfolio includes commodities trading of refined oil products, bunker supply, and extensive onshore operations. In shipping, OceanEXL provides comprehensive services that cover freight and chartering, as well as asset and financing solutions.
OceanEXL’s global network and expertise are leveraged to offer innovative solutions tailored to the evolving needs of clients. The company’s commitment to excellence is reflected in its approach to supply chain management, risk management, and financial services. By adhering to the highest standards of integrity and innovation, OceanEXL continues to drive growth and deliver exceptional results for stakeholders around the world.
OceanEXL Group in Numbers as of May, 2024:
- 80,000 metric tons of oil products traded, supplied, and marketed monthly
- 2.1 million metric tons of oil products transported
- Operations in 20 countries and 50 ports globally
- Asset and finance transactions totaling $500 million
- Annual bunker supply to 500 vessels
- 300 satisfied customers across the globe
Source OceanEXL