Transocean Oil Pte Ltd was established in 2003 as an independent bunker supplier and trader operating a fleet of more than 10 bunker barges to supply Marine Fuel Oil (30 CST to 500 CST), Marine Gas Oil, Marine Diesel Oil and Low Sulphur Marine Gas Oil.
Transocean Oil Pte Ltd is accredited by the Maritime Port Authority of Singapore (MPA) as an independent licensed bunker supplier and trader to provide bunkering services to international ships calling at Singapore and other ports in the region.
Transocean Oil Pte Ltd is consistently ranked among the top 20 bunker suppliers in Singapore by volume in the past four years. For 2013, we were ranked third out of all licensed bunker suppliers in Singapore for total volume of bunker sales in Singapore with an average monthly delivered volume of approximate 200,000 MT.
We have proven ourselves to be a reliable bunker supplier and our strong growth is testament to this. We procure our oil products from both reputable oil majors in China, USA, Europe, Middle East and also major independent fuel oil traders in Singapore. We procure our fuel on both spot and term basis and we enjoy strong open credit lines furnished to us by our trading counter parties.
Transocean Oil Pte Ltd is also constantly expanding and upgrading our current fleet of thirteen barges. In July 2013, we have taken delivery of two 498 GT double hull bunker barges built in Ningbo, China. In May 2014, we also expect to take delivery of a new built 4999GT double hull barge in Nanjing, China.
Transocean Oil Pte Ltd is seeking to expand not only its business volume but also its scope. Key growth areas include offshore trading activities, global procurement and physical trading while increasing our worldwide networks for bunkers. We are also looking to expand our physical deliveries to port besides that of Singapore such as Tanjong Pelapas, Fujairah and Hong Kong in the near future.