Freepoint growing Asia footprint in LSFO, US crude; eyes new energy
Freepoint Commodities is pushing ahead with its strategic expansion plan for Asia that would see the global commodities trader build on its core markets, such as low sulfur fuel oil and US crude, while eying opportunities in the clean fuels space to cater to the changing energy landscape, its CEO for Asia told S&P Global Platts in an interview.
The company is looking to seal more term deals for LSFO and expand its footprint in LNG, and also keeping a close eye on the growing appetite for US crude in markets such as India, said Ouyang Xiuzhang, an investment banker-turned commodities trader who has been heading Freepoint’s Asia business since 2016.
Singapore Freepoint Commodities is pushing ahead with its strategic expansion plan for Asia that would see the global commodities trader build on its core markets, such as low sulfur fuel oil and US crude, while eying opportunities in the clean fuels space to cater to the changing energy landscape, its CEO for Asia told S&P Global Platts in an interview.
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The company is looking to seal more term deals for LSFO and expand its footprint in LNG, and also keeping a close eye on the growing appetite for US crude in markets such as India, said Ouyang Xiuzhang, an investment banker-turned commodities trader who has been heading Freepoint s Asia business since 2016.
Freepoint expands Asia LSFO footprint by supplying maiden cargo to Pertamina terminal hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Indonesia s Pertamina Expects to Launch VLSFO Bunkering From Pulau Sambu in 2021
by Ship & Bunker News Team
Tuesday December 15, 2020
Indonesian energy supplier Pulau Sambu next year after receiving its first cargo at the terminal. The company received its first LSFO shipment from
Freepoint Commodities to the terminal, located to the south of
Singapore, earlier this month, it said Monday. The company s
3.2 million litres of storage capacity. Freepoint has been supporting Pertamina s efforts in upgrading and refurbishing Pulau Sambu s fuel oil tanks to ensure international standards are met in all aspects since late last year, the company said in the statement. The on-track handover of the first batch of tanks for operational use before the year-end is a testament of a successful collaboration by the two companies.
Pertamina s Sambu Fuel Terminal receives first international bunker cargo from Freepoint Commodities as it prepares to be Indonesia s first trading hub
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JAKARTA, Indonesia, Dec. 14, 2020 /PRNewswire/ Pertamina s Pulau Sambu Fuel Terminal, located on an island between Batam and Singapore, is preparing to receive its first international Low Sulphur Fuel Oil ( LSFO ) cargo from Freepoint Commodities ( Freepoint ) in December. Further to the Heads of Agreement for the Cooperation and Utilization of Pertamina s Pulau Sambu Fuel Terminal signed between the two companies in Jakarta last year, the first international LSFO cargo into Sambu forms part of Pertamina s efforts to optimize company assets and establish a trading Hub in Indonesia.