Prax acquires new ocean-going bunker tanker

Prax is set to expand its delivery infrastructure in the UK with the introduction of a new ocean-going bunker tanker to its fleet. Primarily based at South Falls Head in the mouth of the River Thames, the Vadero Highlander has a 2000 cubic metre capacity and will supply low-sulphur marine gasoil (LSMGO) compliant with ECA regulations.

Prax launched its UK bunker operations at the end of January 2019, in order to offer an alternative location for ship operators working or passing around the British Isles, looking for a cost efficient method of bunkering ECA compliant fuels. The tanker will assist and benefit from Prax’s established UK storage network, as well as opportunities arising from its growing bunker operations in the Amsterdam-Rotterdam-Antwerp region.

Prax has appointed Charles Meade, formerly of World Fuel Services, and Geert Boden, formerly of Aegean Northwest Europe, to oversee its UK bunker operations.

Meade said, “With the acquisition of the Vadero Highlander, we are now in a position to increase bunkering volumes in the eastern coastal waters around the UK, offer our bunker services in international waters and make product export shipments to the ports of ARA.”

Sanjeev Kumar, CEO of Prax, said: “Our bunker operations are performing exceptionally well. We have an outstanding team with in-depth knowledge and vast experience on both the customer and supply side of the business. The launch of the new bunkering operation in the UK, along with the acquisition of the new bunker tanker, demonstrates our commitment to build a robust and reliable supply chain to meet the needs of our customers. It is the natural evolution in our progression towards making Prax a leading player in the global bunker market.”

For further information, contact ara-bunkers@prax.com.