{"id":72627,"date":"2023-08-08T00:00:00","date_gmt":"2023-08-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/08\/08\/king-abdullah-port-inks-agreements-with-two-bunkering-service-providers\/"},"modified":"2023-08-08T00:00:00","modified_gmt":"2023-08-08T00:00:00","slug":"king-abdullah-port-inks-agreements-with-two-bunkering-service-providers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/08\/08\/king-abdullah-port-inks-agreements-with-two-bunkering-service-providers\/","title":{"rendered":"King Abdullah Port inks agreements with two bunkering service providers"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong> Two bunkering service providers to operate at King Abdullah Port: <\/strong>Saudi Arabia\u2019s King Abdullah Port has inked strategic partnerships with two marine fuel service providers \u2014 UK-based <a target=\"_blank\" href=\"https:\/\/www.westernfuel.co.uk\/\" style=\"\" rel=\"noopener\"><\/a> <a target=\"_blank\" href=\"https:\/\/www.westernfuel.co.uk\/\" style=\"\" rel=\"noopener\">Western Fuel Supply for Petroleum Products<\/a> and global fuels provider <a target=\"_blank\" href=\"https:\/\/www.minervabunkering.com\/\" style=\"\" rel=\"noopener\">Minerva Bunkering<\/a> \u2014 to provide bunkering services, according to a <a target=\"_blank\" href=\"https:\/\/www.kingabdullahport.com.sa\/news\/king-abdullah-port-announce-strategic-partnerships-boosting-maritime-offerings\/\" style=\"\" rel=\"noopener\">statement<\/a>. The move comes as the port looks to boost its maritime service offerings to vessels, the statement said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Saudi Arabia has been on a bunkering spree: <\/strong>The <a target=\"_blank\" href=\"https:\/\/mawani.gov.sa\/about-us\" style=\"\" rel=\"noopener\">Saudi Ports Authority<\/a>(Mawani) recently inked an agreement with Alba Nova and <a target=\"_blank\" href=\"http:\/\/trafalgar.gr\/\" style=\"\" rel=\"noopener\">Trafalgar Oil<\/a> to establish a SAR 2 bn integrated center for bunkering in Saudi\u2019s King Fahad Industrial Port in Yanbu, as part of plans to supply 10 mn tons of fuel to vessels transiting through and arriving to Saudi ports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Minerva is making rounds across the MENA region: <\/strong>Minerva Bunkering, subsidiary of <a target=\"_blank\" href=\"https:\/\/www.mercuria.com\/\" style=\"\" rel=\"noopener\">Mercuria Energy Group<\/a>, recently began providing bunkering services in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/6e59c926-5cdc-484c-bd38-fc0510d7c261\" style=\"\" rel=\"noopener\">Egypt\u2019s Suez Canal<\/a>, with deliveries to 10 bunker clients in May. The Suez Canal had granted one-year <a target=\"_blank\" href=\"https:\/\/enterprise.press\/stories\/2022\/02\/15\/old-mutual-makes-a-bid-for-lekela-as-actis-plots-exit-65006\/\" style=\"\" rel=\"noopener\">bunkering licenses<\/a> to Minerva Bunkering, <a target=\"_blank\" href=\"https:\/\/www.coralenergy.co\/\" style=\"\" rel=\"noopener\">Coral Energy<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.peninsula360.com\/\" style=\"\" rel=\"noopener\">Peninsula<\/a> last year through a tender.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> More <\/strong><strong> competition for <\/strong><strong> the UAE\u2019s bunker hub <\/strong><strong> Fujairah: <\/strong> The increased presence of alternative fueling options in Saudi Arabia, Oman, and other ports in the UAE, like Sharjah, has contributed to sluggish demand in Fujairah, according to <a target=\"_blank\" href=\"https:\/\/www.spglobal.com\/commodityinsights\/en\/market-insights\/latest-news\/oil\/072123-fujairah-hub-sees-stiffening-competition-as-middle-east-bunker-market-evolves\" style=\"\" rel=\"noopener\">S&P Global<\/a>. This has led to a 10.5% y-o-y drop in bunker sales to 3.6 mn cubic meters in 1H 2023, according to S&P Global data. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>King Abdullah Port becomes the latest to push bunkering services amid heightened regional demand<\/p>\n","protected":false},"author":1,"featured_media":72628,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[190],"tags":[17,31,123,21],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-72627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shipping-maritime","tag-enterprise-logistics","tag-saudi-arabia","tag-shipping-maritime","tag-zones","wpautop","entry"],"acf":{"mongo_id":"58a731dd-0109-4653-b351-6b271203bd9e","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/8\/319.jpg","photo_position":"above","homepage_title":"","full_issue_title":"King Abdullah Port inks agreements with two bunkering service providers","related_issue":[72620],"teaser":"King Abdullah Port becomes the latest to push bunkering services amid heightened regional demand","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.237428e8-a30d-47ea-9e20-27eae64e6d5a.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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