Mercuria Enters Suez Canal Refueling as Egypt Opens Market
- Minerva Bunkering has started fuel deliveries in Egypt
- Over 23,000 vessels went through the Suez Canal last year
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Mercuria Energy Group’s ship-fueling business Minerva Bunkering started deliveries in Egypt, becoming the first international service to enter the market after being awarded a license to do so earlier in May.
Linking Europe with Asia, Egypt’s Suez Canal is one of the shipping world’s biggest choke-points. For trading houses like Mercuria, a foothold there provides a key operating point to sell fuel oil from its global network to some of the over 23,000 vessels that transit through the waterway.