Dubai – Mubasher: Emirates National Oil Company (ENOC) Group on Sunday announced signing an agreement with Germany-based BALUCO GmBH on the sidelines of the leading maritime trade fair, SMM Hamburg.
SMM Hamburg 2018 took place during the period between 6 and 7 September, brought together around 50,000 industry visitors from more than 120 countries across the world, Dubai-based ENOC said in a statement.
The two-day event, which entitled “Trends in SMMart Shipping”, focused on digitalization and green shipping.
Under the new agreement, the German marine bunkers and lubricants consulting firm will become a key distributor of ENOC’s marine lubricants in Germany, the Netherlands and Belgium in alignment with the ENOC’s strategy of expansion in Europe.
The deal works on boosting the Emarati group’s lubricants presence in the three fast-growing European markets, according to the statement.
“Our agreement with BALUCO is an added milestone to our continued growth, and we reiterate our strategy of expanding best-in-class services to customers overseas, which will contribute to the overall growth of the international maritime and shipping sector,” Saif Humaid Al Falasi, Group CEO, ENOC, commented.
Moreover, the agreement sees an additional operation across 17 new ports and three new countries, all in Europe, alongside its existing operations of supplying marine lubricants to a network of more than 120 ports across the world.
ENOC also provides technical support services to the international marine industry.
It is worth noting that ENOC has an extensive portfolio of application-based lubricants, each designed to address the specific challenge of achieving optimum performance for the shipping industry.
