Djibouti-based Red Sea Bunkering (RSB) acquires new vessel to provide offshore services

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Djibouti-based bunkering services company Red Sea Bunkering (RSB) held a ceremony on Sunday, under the auspices of the President of Djibouti, H.E. Ismail Omar Guelleh, to celebrate the acquisition of the company’s first owned bunker barge, the Red Sea 1, which was acquired for $4.2 million.

Red Sea 1 is a 9,600 dwt double hull tanker, with total capacity of approximately 10,000 cbm and is equipped with three cargo pumps of 500 cbm/hour each, a bow thruster and a stern manifold. The vessel can supply simultaneously both IFO 380 cSt and both regular and Low Sulphur MGO.

“The purchase of this vessel comes at a key point in Djibouti’s development as a regional centre for bunkering”, said Aboubaker Omar Hadi, Chairman of the Djibouti Ports and Free Zones Authority.

“The new LNG and oil terminals being built will further cement the nation’s role as a major refuelling, bunkering and transhipment centre in the region”.

Red Sea Bunkering is a ship-to-ship fuel bunkering servicing company exclusively operating in all ports and territorial waters of Djibouti. It offers full truck-to-port and ship-to-ship product supply of Gasoil DMA (ISO 8217-2010 Max Sulphur 1%); MGO DMA (ISO 8217:2005 Low Sulphur); IFO 380cst (8217-2010 Max Sulphur 3.50%); marine lubricants; and fresh water.

The company is owned as a joint venture between the Djibouti Ports and Free Zones Authority (DPFZA), which has a 55% stake in the company, and the Dubai-based energy and trade investment firm United Capital Investments Group.

Red Sea Bunkering has 10 Djiboutian employees in the trading, marketing, logistics, operations and finance fields. The company also plans to develop Djiboutian seamen to operate on Red Sea 1.

Djibouti is strategically located near the world’s busiest shipping lines, controlling access to the Red Sea and Indian Ocean. Apart from being a major bunkering and transhipment centre in the region, it is also a burgeoning commercial and trade hub.