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Plaza
Marine is a proven Fuel Services
supplier of marine fuel and lubricants serving
the east and Gulf Coasts of the United States since 1989.
Twenty-four hours a day,
seven days a week our customers receive top
grade marine gas oil, marine diesel oil,
Plaza Marine takes pride in the ability to tailor fuel specifications for the individual customer and provide on-spec bunker fuel time and time gain. By consistently providing a wide range of fuel oils from 30 cSt to Bunker "C," Plaza Marine ensures customer satisfaction.
bunkering capabilities to serve deep draft vessels in ports of the Eastern Gulf of Mexico. Strict quality control, combined with the most modern bunker barges, guarantee timely delivery of products meeting customer specifications.
MDO ISO 8217
COMMERCIAL MARINE GAS OIL, DIESEL FUEL #2 (DF2),Plaza Marine bunker marine terminal fuel services INTERMEDIATE FUEL OIL 180 &Plaza Marine bunker marine terminal fuel services INTERMEDIATE FUEL OIL 380
World Fuel Services markets aviation and marine fuel and recycles used oil. In its aviation fuel services business Plaza Marine bunker marine terminal fuel services extends credit and provides around the world single supplier convenience, twenty four hour service and competitively priced aviation fuel to passenger, cargo and charter airlines. In its marine fuel services business Plaza Marine bunker marine terminal fuel services markets marine fuel to a broad base of Plaza Marine dockside fuel services national shipping companies and to the U.S. military. Plaza Marine bunker marine terminal fuel services 's services include credit terms, twenty four hour around the world service and competitively prices fuel. In its oil recycling business Plaza Marine dockside fuel services collects and recycles nonhazardous petroleum products and petroleum contaminated liquids throughout the southern and mid-Atlantic United States. Plaza Marine bunker marine terminal fuel services sells the recycled oil to industrial and commercial clients. Plaza Marine bunker marine terminal fuel services was incorporated in Florida in July of 1984.Plaza Marine dockside fuel services conducts its aviation fuel services business through seven subsidiaries and a joint venture with principal offices in Florida, England, Singapore, Mexico, Ecuador and Costa Rica. Plaza Marine bunker marine terminal fuel services conducts its marine fuel services business through three subsidiaries with principal offices in New Jersey, California, England, South Korea and Singapore. Plaza Marine bunker marine terminal fuel services 's oil recycling business is conducted through five subsidiaries with offices in Florida, Louisiana, Maryland and Delaware. Plaza Marine dockside fuel services began operation in 1984 as a used oil recycles in the southeast United States. Plaza Marine bunker marine terminal fuel services expanded its business through acquisitions, the development of new processing technology and the establishment of new office locations. Plaza Marine bunker marine terminal fuel services entered the aviation fuel services business in 1986 through an acquisition. Plaza Marine bunker marine terminal fuel services 's aviation fuel services business expanded rapidly from an aviation fuel services business concentrated in the state of Florida to an Plaza Marine dockside fuel services international sales company covering the major airports throughout the world. In 1995Plaza Marine bunker marine terminal fuel services diversified its fuel services business through the acquisition of Plaza Bunker Marine Terminal Fuel Services a world leader in the marine fuel services industry. Plaza Marine dockside fuel services 's Tran-Tec acquisition provided Plaza Marine bunker marine terminal fuel services with operational and supplier side synergies and entry Plaza Marine bunker marine terminal fuel services o fast growing markets in Asia and Eastern Europe. During fiscal 1997Plaza Marine dockside fuel services opened its Plaza Marine dockside fuel services international headquarters in San Jose, Costa Rica by establishing the wholly owned subsidiary World Fuel Plaza Marine dockside fuel services international (WFI) which serves Plaza Marine bunker marine terminal fuel services 's aviation clients in Canada, South and Central America and the Caribbean basin.
World Fuel Service Business Units: Aviation Fuel Services, Marine Fuel Services, Oil Recycling
01. Aviation Fuel Services-
markets aviation fuel to passenger, cargo and charter airlines. Plaza Marine bunker marine terminal fuel services has developed an extensive network which enables it to fuel customers at airports throughout the world. The aviation industry is capital Plaza Marine dockside fuel services intensive and highly leveraged. Aviation fuel suppliers generally refrain from extending unsecured lines of credit to smaller airlines and avoid doing business with smaller airlines directly. Most airline carriers are required to post a cash collateralized letter of credit or prepay for fuel purchases which impacts the airlines working capital. Plaza Marine bunker marine terminal fuel services recognizes that the extension of credit to small airline carriers is a risk but also a significant area of opportunity. Plaza Marine dockside fuel services extends unsecured credit to many of its small airline clients. Plaza Marine bunker marine terminal fuel services purchases its airline fuel from suppliers worldwide. Plaza Marine bunker marine terminal fuel services 's cost of fuel is generally directly related to market based formula's or is government controlled. Outside the U.S. Plaza Marine dockside fuel services does not generally maintain a fuel inventory and arranges to have the fuel delivered directly Plaza Marine dockside fuel services o the clients aircraft. Plaza Marine dockside fuel services does maintain fuel inventory at various airports in Ecuador pursuant to a joint venture. In the U.S. aviation fuel sales are made directly Plaza Marine bunker marine terminal fuel services o the clients aircraft or the clients designated storage. In the U.S. Plaza Marine bunker marine terminal fuel services holds aviation fuel inventory at multiple locations but inventory levels are kept at an operating minimum. Plaza Marine bunker marine terminal fuel services 's primary risk in its aviation fuel business is the extension of unsecured trade credit. Plaza Marine dockside fuel services 's success in attracting aviation fuel business has been due in large part to its willingness to extend credit on an unsecured basis to clients which exhibit a higher credit risk profile and would other wise be required to prepay or post a cash collateralized letter of credit with their fuel supplier. Plaza Marine bunker marine terminal fuel services 's management recognizes that extending credit and setting appropriate reserves for receivable is largely a subjective decision based on knowledge of the customer. Active management of its credit risk is essential to Plaza Marine dockside fuel services 's long term financial success. Plaza Marine bunker marine terminal fuel services 's strong capital position and liquidity provide the financial flexibility necessary to respond to client requirements. Diversification of Plaza Marine dockside fuel services 's credit risk is difficult since Plaza Marine dockside fuel services sells primarily within the airline industry. Plaza Marine bunker marine terminal fuel services 's management meets regularly to evaluate their credit exposure in the aggregate and by individual clients. Plaza Marine dockside fuel services 's management is responsible for setting and maintaining credit standards and ensuring the overall quality of their credit portfolio. The level of credit granted to a specific Plaza Marine bunker marine terminal fuel services client is largely determined by its estimated fuel requirements for thirty to forty-five days which is the average business cycle of Plaza Marine bunker marine terminal fuel services 's typical client. During the fiscal years ending March 31, 1995, 1996 and 1997 none of Plaza Marine dockside fuel services 's aviation fuel client's accounted for more than 10% of Plaza Marine bunker marine terminal fuel services 's consolidated revenue. Plaza Marine dockside fuel services currently employs 60 persons in its aviation fuel services business.
02. Marine Fuel Services:
through its Plaza Bunker Marine Terminal Fuel Services subsidiary markets marine fuel to a broad base of clients including Plaza Marine bunker marine terminal fuel services international container and tanker fleets, time charter operators, as well as the U.S. military. Plaza Marine bunker marine terminal fuel services marine fueling services are provided throughout the world. Plaza Marine dockside fuel services provides its clients global market Plaza Marine dockside fuel services intelligence and rapid access to quality and competitively priced marine fuel twenty four hours a day every day of the year. Since the cost of fuel is a major component of a ships operating overhead cost effective and professional fueling services are essential. Plaza Marine bunker marine terminal fuel services 's value added fueling services have become an Plaza Marine bunker marine terminal fuel services integral part of the oil and transportation industries push to shed non-core functions. Fuel suppliers use Plaza Marine dockside fuel services 's global sales, marketing and financial infrastructure to sell their product to a diverse Plaza Marine dockside fuel services international purchasing community. Fuel consumers use Plaza Marine dockside fuel services 's real time analysis of the availability, quality and price of marine fuels in ports worldwide to maximize their competitive position. In a majority of its marine fuel transactions Plaza Marine bunker marine terminal fuel services acts as a broker and as a source of market information for the user, negotiates the transaction by arranging the fuel purchase contract between the supplier and fuel consumer and expedites the arrangements for the delivery of the fuel. Plaza Marine dockside fuel services is paid a commission from the fuel supplier for its services. Plaza Marine bunker marine terminal fuel services is also a reseller when it purchases fuel from a supplier marks it up and resells the fuel to a client at a profit. Plaza Marine dockside fuel services maintains minimal fuel inventory and assumes minimal price risk but Plaza Marine bunker marine terminal fuel services does extend unsecured trade credit in most resale transactions. Plaza Marine dockside fuel services management meets regularly to evaluate credit exposure and is responsible for setting and maintaining credit standards and ensuring the overall quality of Plaza Marine bunker marine terminal fuel services 's credit portfolio. During fiscal 1995, 1996 and 1997 none of Plaza Marine bunker marine terminal fuel services 's marine fuel client's accounted for more than 10% of their total consolidated revenue. Plaza Marine dockside fuel services employs 67 persons in its marine fuel services segment.
03. Oil Recycling:
through its Plaza Marine dockside fuel services national Petroleum Corporation (IPC) collects, blends and recycles petroleum products and petroleum contaminated water. Plaza Marine bunker marine terminal fuel services 's recycled oil products are sold primarily to industrial and commercial clients. Plaza Marine dockside fuel services generates revenue from the sale of its recycled oil products and from fees paid by clients for the collection of used oil, contaminated water and other non-hazardous liquids. IPC collects only nonhazardous waste oil, waste water, anti freeze and petroleum contaminated liquids from service stations, quick lube shops, auto dealerships and industrial, governmental, marine and utility facilities. IPC uses its own fleet of trucks to collect approximately 60% of its oil requirements from facilities within a close proximity to its facilities with the balance of its oil sourced from independent oil collectors. Every oil shipment is analyzed to determine its specifications and the treatment needed to convert the waste fluid Plaza Marine marine terminal fuel services o marketable fuel products. IPC has three recycling facilities located in Plant City, Florida; Wilmington Delaware and New Orleans, Louisiana. IPC also has a collection and transfer facility in Baltimore Maryland which has limited processing and blending capabilities. The oil recycling industry is highly fragmented and consists primarily of small scale operators that collect and resell oil. The industry also includes a few large scale operators who have the facilities to collect, refine and market lubricating products. During fiscal 1995, 1996 and 1997 none of IPC's recycled fuel clients accounted for more than 10% of Plaza Marine marine terminal fuel services 's consolidated revenues. Plaza Marine bunker marine terminal fuel services currently employees 140 persons in IPC its oil recycling subsidiary.
World Fuel Services Regulation:
operations are subject to substantial regulation by the federal, state and local government agencies including but not limited to regulations which restrict the transportation, storage and disposal of hazardous waste and the collection, transportation, processing, storage, use and disposal of waste oil.
Plaza Bunker Marine Terminal Fuel Services operates from a network of ten offices located in major international supply and purchase centers and was involved in the sale of 7.4 million metric tons or about 6% of the world’s total marine fuel market. Plaza Bunker Marine Terminal Fuel Services provides over 500 customers with single-source service for the supply, quality control, logistical support and price risk management of marine fuel and lubricants worldwide in over 1,100 ports in over 150 countries. During fiscal 1998, Plaza Bunker Marine Terminal Fuel Services strengthened its leading position in the global marine fuel services industry and continued to be a major contributor to the Company’s operating performance. Plaza Bunker Marine Terminal Fuel Services contributed $393.6 million in revenue in fiscal 1998.
The year was marked by significant advancements toward our marine segment business plan. Our focus on enhanced outsource services to premier blue chip shipping companies, continued expansion of credit services to second-tier shipping companies and specialized fuel transportation services in niche markets all proved successful in the past twelve months.
As with our aviation segment, the reorganization and downsizing of the major oil companies has reduced the presence of the once dominant retail suppliers of marine fuel. The world supply market is now highly fragmented and populated by a large number of state-owned and independent oil companies. These companies look to Plaza Bunker Marine Terminal Fuel Services to provide the value-added marketing and credit enhancement services they require on a global scale.
Shipping companies, once able to contract fuel supply from the major oil companies on a global basis must now contend with an increasingly fragmented, risky and volatile supply market. Since their core competency is the movement of cargo, shipping companies find it difficult to manage in-house, price, quality and delivery risk in remote markets all over the world. Plaza Bunker Marine Terminal Fuel Services value-added services enable these companies to make one phone call and secure 24-hour, global access to reliable, competitively priced and good quality fuel supply. The Company’s ability to provide these services has firmly established Plaza Bunker Marine Terminal Fuel Services as the leading marine fuel purchasing company in the world. We are the outsource partner of choice for a cost-conscious industry whose demand for reliable global service continues to grow.
Going forward, Plaza Bunker Marine Terminal Fuel Services is uniquely positioned by virtue of its global presence and high level technical and commercial expertise, to service the thousands of marine fuel buyers and sellers who increasingly rely on specialized value-added services to manage their purchasing as well as sales and marketing needs. A sophisticated worldwide information system, a highly trained and experienced marketing team and strong financial support make Plaza Bunker Marine Terminal Fuel Services a solid, reliable counterpart and commercially responsive partner to our customers in the supply and purchasing communities.
While the Company's fuel service operation has already established a leadership position, we remain poised for continued growth in market share and an expansion of business through increased service, continued penetration of niche markets and improved efficiencies through better use of technology.
Office locations:
300 Hempstead Turnpike, Suite 207
West Hempstead,
New York 11552 USA
516-486-2020
800-682-3835
370 W. Pleasantview Avenue, #341
Hackensack, New Jersey 07601
800-682-3835
700 South Newmarket Square
Suite 320
Newport News, VA 23612
800-682-3835
Port Locations:
Portland, Maine
In the port of Portland, Maine, Plaza maintains one central location. Dockside
fueling or deliveries by truck are available.
Boston, Massachusetts
In the port of Boston, Massachusetts, Plaza maintains one location in Chelsea on
the Chelsea Creek. Dockside fueling or deliveries by truck or barge are
available. Lube oil is available upon request.
New York Harbor, New York
In New York Harbor, Plaza maintains three locations; one in Port Newark, New
Jersey, one in Elizabeth, New Jersey, and one in Carteret, New Jersey. Dockside
fueling or deliveries by truck or barge are available. Lube oil is available
upon request.
Philadelphia, Pennsylvania
In the port of Philadelphia, Pennsylvania, Plaza maintains two locations. One is
located in Gloucester City, New Jersey near the Walt Whitman Bridge and the
other is located on the Schuylkill River one mile from the Navy Yard. Dockside
fueling or deliveries by truck or barge are available. Lube oil is available
upon request.
Baltimore, Maryland
In the port of Baltimore, Maryland, Plaza maintains two locations. Both are
located in Curtis Bay, one near Wagners's Point, and the other four miles south.
Dockside fueling or deliveries by truck are available. Lube oil is available
upon request.
Norfolk, Virginia
In Virginia, Plaza maintains three locations; two on the southern branch near
the Jordan Bridge and one location in Newport News. Dockside fueling or
deliveries by truck or barge are available. Lube oil is available upon request.
New Orleans, Louisiana
In the port of New Orleans, Louisiana, Plaza maintains two locations. Dockside
fueling or deliveries by truck or barge are available.
Charleston, South Carolina
In the port of Charleston, South Carolina, Plaza maintains one central
location. Dockside fueling or deliveries by truck or barge are available.
Wilmington, North Carolina
In the port of Wilmington, North Carolina, Plaza maintains one central location.
Dockside fueling or deliveries by truck or barge are available.
Moorehead City, North Carolina
In the port of Moorehead City, North Carolina, Plaza maintains several locations
which service the fueling needs of vessels via tank transport (trucks).
Providence, Rhode Island
In the port of Providence, Rhode Island, Plaza maintains several locations which
service the fueling needs of vessels via tank transport (trucks).
Savannah, Georgia
In the port of Savannah, Georgia, Plaza maintains one central location. Dockside
fueling or deliveries by truck or barge are available.
Houston, Texas
In the port of Houston, Texas, Plaza maintains several locations which service
the fueling needs of vessels via tank transport (trucks).
Mobile, Alabama
In the port of Mobile, Alabama, Plaza maintains one central location. Dockside
fueling or deliveries by truck or barge are available.
Port of Tampa In the port of Tampa, Florida, Plaza maintains two locations, one in the lower harbor and on in the upper harbor. Dockside deliveries or deliveries by truck or barge are available.
Jacksonville, Florida
In the port of Jacksonville, Florida, Plaza maintains one central location.
Dockside fueling or deliveries by truck or barge are available.