Founded in 2010 in Geneva, Augusta Energy also has offices in Tanzania, Dubai and local Representative in DRC, Nigeria and Liberia.
Augusta already has a presence in the Gulf of Guinea with the ‘San Padre Pio’, a DP1 double hull tanker, built 2012 and fully equipped for offshore bunkering operations.
In addition, the company operates a tanker, ‘Prima’, in the Mozambique Channel, as well as a barge based in Maputo. Through its joint venture with Petromoc in Mozambique, Petromoc Bunkering can offer bunkers in Mozambican waters.
Elsewhere, bunker trader and supplier, Brightoil has launched a new suite of online tools.
Brightoil Bunker Online E-Delivery platform is now live and includes a forward fixed price (FFP) facility making the process of buying bunkers worldwide faster, easier and more transparent.
The new facility enables customers to lock-in bunker cost for up to nine months forward thereby reducing exposure to major price swings.
Brightoil International Trading and Bunkering COO, Stephen Qi Jun, said: “We are taking a strategic step in this uncertain environment by putting significant resource and financial investment into this online platform.
“We are launching now because we recognise that our customers’ business environment is rapidly changing. There is a constant need to improve process efficiency and create cost saving in the intensely competitive shipping markets.
“This is why we have worked hard to incorporate a full spectrum of new and innovative tools available now at your fingertips,” he said.
Brightoil claimed that the new the platform gave bunker buyers security and transparency to a level that has never been available in the market before. The settlement culminates in physical bunker delivery rather than speculative hedging using paper financial instruments.
The platform is accessible via PC, Mac, iOS and Android mobile apps.