Sonan Bunkers, a leading marine fuel and energy solution provider, has been committed to delivering top-notch services to the global shipping industry since its inception in 2014. Recently, the company has proudly announced that HSBC UK has extended its support through a £50 million Global Trade Solutions funding package. This package includes a crucial £20 million uplift in Receivables Finance, aimed at unlocking working capital and bolstering growth initiatives.
Sonan Bunkers recent expansion includes the hiring of four Senior Traders, whose expertise has broadened the client base and significantly increased sales forecasts for 2024 and 2025. This new funding will ensure efficient management of the elevated sales volume and sustain growth momentum.
With seasoned traders in Scandinavian offices and a newly appointed manager in Dubai, Sonan Bunkers is well-positioned to drive its global growth strategy. The company is also planning to replicate its successful Rotterdam bunker barge model by establishing strategic refueling stations in the Mediterranean, catering to both new and existing clients.
Graham Furse, CEO of Sonan Bunkers, expressed his enthusiasm: “During this phase of immense growth, we’re pleased to have been able to increase our funding and corporate banking relationship with HSBC UK. The shipping sector is committed to reducing carbon intensity and our dedicated HSBC team demonstrated a deep understanding of our business, requirements, and carbon-compensated fuel offering, making them the ideal banking partner to support our working capital cycle and help us realise our growth ambitions.”
Andrew Noble, Corporate Banking Relationship Director at HSBC UK, added: “HSBC has a global footprint that provides businesses with an expansive network of trade expertise, and we’re pleased to have been able to support the business as it ventures into its next phase of growth.”
Founded in 2014, Sonan Bunkers now operates in eight jurisdictions, including London, Athens, Rotterdam, Oslo, Rio de Janeiro, Singapore, Dubai, and Copenhagen. This funding boost from HSBC UK marks a significant step forward in the company’s commitment to delivering exceptional service and sustainable growth across the globe.
A Decade of Excellence
From humble beginnings to becoming a multinational force in the bunker market, Sonan Bunkers has covered all regions with unparalleled expertise. With a physical presence in the ARA region and a team of the world’s best traders, the company proudly marks a decade of success and innovation.
Over the past ten years, Sonan Bunkers has navigated through challenges, adapted to market shifts, and consistently delivered top-notch services to clients worldwide. This milestone wouldn’t be possible without the trust and support of valued customers, the dedication of reliable suppliers, and the hard work and commitment of exceptional staff. Sonan Bunkers extends heartfelt gratitude to each and every one for being part of this journey. Here’s to many more years of leading the way in the bunker industry.
About Sonan Bunkers
Sonan Bunkers is a leading global provider of marine fuel and energy solutions, dedicated to meeting the needs of the shipping industry with high-quality products and exceptional customer service. With a presence in key international ports, the company strives to support clients in achieving their operational and environmental goals through innovative and sustainable practices.
Source Sonan Bunkers