Predict your next investment

Corporation
ENERGY & UTILITIES | Oil & Gas Refining & Distribution
v-p-s.com

See what CB Insights has to offer

Partners & Customers

1

About Veritas Petroleum Services

Veritas Petroleum Services tests fuels and lubricating oils, producing high quality, reliable analytical data with further interpretation and advice on engine condition monitoring and cost optimization.

Veritas Petroleum Services Headquarter Location

Zwolseweg 1

Rotterdam, 2994,

Netherlands

+ 31 (0) 180 221 100

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Veritas Petroleum Services Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Veritas Petroleum Services Rank

Latest Veritas Petroleum Services News

Ships Face Power Blackouts After Receiving Contaminated Fuel in Singapore

Apr 4, 2022

April 4, 2022 A growing number of ships that received contaminated marine fuel at the major hub of Singapore have suffered power blackouts, according to fuel testing firm Veritas Petroleum Services. The company identified 34 ships that got contaminated supplies over February and March, of which almost half suffered a failure of the fuel system that led to a “loss of power and propulsion creating a blackout,” Veritas Petroleum said in a notice dated March 31 seen by Bloomberg. The company said the tainted fuel came from two suppliers in Singapore, without naming them. Veritas Petroleum and Maritime and Port Authority of Singapore didn’t immediately respond to requests for more information when contacted on the matter. Singapore is the largest marine fuel supplier in the world and sits at the crossroads of a centuries-old trade route that links Asia to Europe, the Middle East and the U.S. Gulf Coast. Marine insurer Gard said in a statement that some of the vessels it insures had suffered operational issues including blackouts, and in some cases ships needed to be towed back to port. Veritas Petroleum said the ships in Singapore received high-sulfur fuel oil, and that the supplies actually met the required ISO 8217 specifications upon each delivery. However, a more detailed screening of the fuel samples showed they were contaminated with up to 2,000 parts per million of chlorinated hydrocarbons. Contaminations have the potential to damage the engine and lead to costly repairs. Ships losing power at sea can be an extremely dangerous, increasing the risk of collision or running aground. In 2018, numerous vessels suffered serious technical problems and mechanical damages after receiving contaminated fuel initially supplied in Houston. Photograph: Container ships and bulk carriers in the distance offshore from Singapore, on Sunday, Nov. 7, 2021. Photo credit: Ore Huiying/Bloomberg Copyright 2022 Bloomberg.

Veritas Petroleum Services Acquisitions

1 Acquisition

Veritas Petroleum Services acquired 1 company. Their latest acquisition was Transoil Laboratory on January 31, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/31/2018

$99M

Acquired

1

Date

1/31/2018

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

1

Veritas Petroleum Services Partners & Customers

1 Partners and customers

Veritas Petroleum Services has 1 strategic partners and customers. Veritas Petroleum Services recently partnered with DNV GL on February 2, 2016.

Date

Type

Business Partner

Country

News Snippet

Sources

2/17/2016

Partner

Norway

DNV GL and Veritas Petroleum Services underpin strategic partnership with launch of new Fuel Analytics solution - DNV GL

Gerard Rohaan , CEO of VPS and Dr. Torsten Büssow , DNV GL 's Head of Fleet Performance Management , sign the agreement launching the new Fuel Analytics solution .

1

Date

2/17/2016

Type

Partner

Business Partner

Country

Norway

News Snippet

DNV GL and Veritas Petroleum Services underpin strategic partnership with launch of new Fuel Analytics solution - DNV GL

Gerard Rohaan , CEO of VPS and Dr. Torsten Büssow , DNV GL 's Head of Fleet Performance Management , sign the agreement launching the new Fuel Analytics solution .

Sources

1

Veritas Petroleum Services Team

1 Team Member

Veritas Petroleum Services has 1 team member, including current Chief Financial Officer, Renze Vonk.

Name

Work History

Title

Status

Renze Vonk

Chief Financial Officer

Current

Name

Renze Vonk

Work History

Title

Chief Financial Officer

Status

Current

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.