Chemoil Energy Limited operates as an integrated supplier of marine fuel products. The company also sells other oil related products, such as jet fuel, gasoline/diesel, middle distillates, and lubricants. It operates in major ports, such as Long Beach, Houston, New Orleans, New York, Panama, Rotterdam, Fujairah and Singapore. It is utilizing a portion of the GPSChemoil Terminal, which completed an expansion to approximately 94,000 cubic meters. Segments The company’s segments include Retail, Cargo, and Ex-wharf. Retail: This segment consists of physical supplies of marine fuel and related products to end users such as oil tankers, container ships, dry bulk carriers, and cruise ships. Cargo: This segment offers marine fuel and related products, such as the components of marine fuel used to blend into marine fuel, to customers such as traders, physical suppliers and resellers. Ex-wharf: This segment offers marine fuel to customers, such as resellers or distributors that accept delivery at its service centres and subsequently resell and deliver the product to end users. The sales are typically made to marine fuel traders, barge companies and other customers. Acquisitions In 2008, the company acquired an additional 18.34% equity interest in California Software Company. In 2008, the company acquired a 64% equity interest in LMG Land Development Corporation. In 2008, the company acquired 100% equity interest in Chemoil Middle East DMCC. Joint ventures In September 2008, the company formed a joint venture with India-listed Adani Enterprises Limited, developer of the Mundra Port, to supply marine fuels in India from January 2009. The Mundra Port, located in the Gulf of Kutch, Gujarat, is situated near the main shipping routes between Asia, the Middle East, Europe and Africa.
chemoil energy ltd (CLRGF:OTC US)
148 Electric Road
Phone: 852 2598 5234
Fax: 852 2598 7500www.chemoil.com
|No competitor information is available for CLRGF.|
|View Industry Companies|
Sponsored Financial Commentaries
To contact CHEMOIL ENERGY LTD, please visit www.chemoil.com. Company data is provided by Capital IQ. Please use this form to report any data issues.