Dubai’s ENOC Group has announced a partnership with Dynamic Fuels to become the official distributor of ENOC’s marine lubricants in Spain. The agreement comes as part of the group’s plans to bolster its international presence to cater to the needs of its international customers.
Under the agreement, Dynamic Fuels will market and distribute ENOC Group’s wide range of marine lubricants’ product portfolio in Spain, specifically in the ports of Las Palmas, Gibraltar and Algeciras, the largest in Spain.
“Maritime and shipping sectors in Europe are crucial for the growth and success of its trade operations, contributing significantly to its GDP and employment rates. In addition, an estimated 90% of global trade is transported through shipping; making it a vital component to world trade,” His Excellency Saif Humaid Al Falasi, Group CEO, ENOC, said.
He added: “The ports of Algeciras, Las Palmas and Gibraltar are transhipment hubs that provide convenient access throughout the greater Mediterranean region and connect with distant ports in the Americas and the Far East region, providing more coverage and reach for our products globally.”
ENOC Group’s marine lubricants are customised for all vessel types. With the International Maritime (IMO) 2020 regulations requiring the use of lower sulphur marine fuels, ENOC Group sees further growth for its high-end lubricants in the region.
“With this agreement Dynamic Fuels gives a step ahead in the strategy of continuous growth and improvement of the services provided to our clients. Starting this important project with ENOC not only will increase the service we can provide to our clients but will help us strengthen the presence of our partners in two of the main Bunker and Husbandry hubs in the world as Gibraltar Strait and Canary Islands,” said Adrián Solares, general manager of Dynamic Fuels.
With this collaboration, ENOC Group will be able to further expand its presence internationally with future plans to reach customers in more than 900 ports.
Dynamic Fuels will also have easy access to ENOC Group’s technical expertise in the marine sector.
ENOC Group has been in the lubricants industry since 1993, operating across the Middle East, Indian Subcontinent, South & Central Asia and Africa.
Dynamic Fuels is a global bunker trading and brokering company, primarily focused on marine fuels, lubricants, chemicals and welding gases and is part of Transcoma Shipping holding, one of the largest, privately owned shipping and logistics companies in Spain. Transcoma Shipping is a consolidated, stable company with more than 200 years’ experience in the shipping sector, offering a wide range of related services in the maritime area, such as liner, tramp, bunker, offshore, projects and cruises.