Americas News
Mabanaft Starts Trading Distillates from Houston
Friday September 7, 2018
Hamburg-based Mabanaft is now trading distillates from new offices in Houston, a company spokesman has told Reuters.
The new U.S. operations began last month.
Among a variety of activities in the fields of energy supply, trading, and logistics, Mabanaft has a physical presence in the bunker industry through Bomin and Matrix Marine.
A global 0.50% sulfur cap on marine fuel from January 1, 2020 is expected to drive a significant uptake of distillates by the marine shipping industry.
