The companies Bunker One and Red Sea Bunkering, suppliers of marine fuels, have formed a new strategic alliance with the aim of making Djibouti a major bunkering hub, to be established in the port of the Horn of Africa as a competitive alternative to other sites in North Africa and the region.
This business partnership is expected to combine the operational experience of Djibouti-based Red Sea Bunkering and Bunker One’s supply chain expertise. The goal is to strengthen Djibouti’s position as one of the leading bunkering locations on Indian Ocean trade routes.
According to Mads Uldal Borggaard, managing director of Bunker One Africa, the two companies will be able to guarantee the entire supply chain from blending, transport, hedging, storage and delivery of products to customers in Djibouti.
According to the top management of the two companies, the aim of this alliance is to position Djibouti as a regional bunkering hub, offering its services to all ships calling at or passing through Djibouti.
Technical operations will be handled by the two barges MT RED SEA 1 and MT VER, while an 80,000 DWT floating storage tanker will be permanently stationed in Djibouti.