Americas News
Brazil Physical Bunker Suppler Raizen Significantly Scales Back Operations
Brazilian physical bunker suppler Raizen has significantly scaled back its marine fuel operations, Ship & Bunker has learned.
All deliveries from existing operations at Rio Grande, Salvador, and Itaqui OPL have now stopped.
The company is maintaining LSMGO deliveries in Rio de Janeiro only, Ship & Bunker understands.
The operational changes follow last year's change in leadership at Raizen's parent company, Brazilian energy conglomerate Cosan.
Raizen's marine fuel operations have been impacted as part of a restructuring plan that was released last month focusing on debt reduction through cost-cutting measures, asset sales, and investment optimization.
Raizen has been contacted for further information but has yet to make an official comment.
