Commodities
Cargill Venture to Supply Billions of Dollars of Ship Fuel
This article is for subscribers only.
Commodity trading behemoth Cargill Inc. and tanker owner Hafnia Ltd. are forming a major new ship-fuel supplier, at a time when the maritime industry is bracing for emissions-cutting rules.
The Seascale Energy joint venture will combine Cargill’s Pure Marine Fuels business with Hafnia Bunker Alliance, which last year procured and delivered about 7.5 million tons of marine fuel between them. The new venture will initially handle similar volumes, and aims to increase the amount in future.