Minerva Saudi, part of Minerva Bunkering which is a 100-percent-owned subsidiary of Mercuria Energy Group, has announced their deployment of a 113,000 cubic meter Floating Storage Unit (FSU) at the Jeddah Islamic Port, Saudi Arabia.

The FSU greatly enhances the efficiency of the Red Sea marine fuels supply chain, from bulk cargo sourcing and blending to bunker tanker loadings and delivery to oceangoing vessels for their final consumption, and the activation of a bonded customs zone encompassing the FSU enables the seamless clearance of imports and exports of the bunkers.

The company mentions that the FSU stores all three principal grades of marine fuels: Very Low Sulphur Fuel Oil (VLSFO), High Sulphur Fuel Oil (HSFO), and Marine Gas Oil (MGO).

Minerva Saudi states that the FSU primarily supplies Minerva’s fleet of modern bunker tankers for further delivery to client vessels across Jeddah Islamic Port, Yanbu Commercial Port, Yanbu Industrial Port, King Abdullah Port, and Jazan.

Furthermore, this new logistics system can also facilitate the provision of cargo to other licensed bunker suppliers Minerva Saudi declares.