Global bunker supplier Minerva Bunkering announced that it has delivered its first 10 bunker stems across Egypt and the Suez Canal.PHOTO: Bunker vessel in the sea. Minerva Bunkering

The deliveries were carried out following Egyptian authorities granting Minerva a bunker license earlier this month.

Minerva supplied bunker stems to Hafnia’s MV Hafnia Azurite and Cargill Ocean Transportation’s MV Gat Feeling. The stems were delivered while these vessels awaited transit convoys in both the northbound and southbound parts of the canal, which resulted in substantial cost savings when compared to bunkers-only calls, Minerva claims.

VLSFO, HSFO and MGO for supply in Egypt will be sourced from Minerva's cargo-sourcing network in the Mediterranean region and the Red Sea.

CEO Tyler Baron said, “With more than 23,000 vessels transiting the Suez Canal each year and significant additional vessel traffic calling domestic ports, Egypt represents one of the world's most strategic maritime markets.”

By Aparupa Mazumder 

Please get in touch with comments or additional info to news@engine.online