Asia/Pacific News
Tamba Shipping and Fairfield Maritime Japan Form Joint Venture
Japanese firm Tamba Shipping and Fairfield Maritime Japan have formed a 50/50 joint venture to provide “customised solutions for charterer requirements”.
Called FT Ebisu Maritime, the new company will be based at Fairfield Maritime Japan’s offices in Tokyo, the companies said in a joint press release yesterday.
The two companies signed the agreement to establish the joint venture on September 28.
It will serve domestic and international shipping markets, with a focus on chemical, product and gas tonnage.
The partnership brings together two family-owned shipping companies with a history of working together over several decades.
“We’re looking forward to growing our business together in a manner reflective of our histories,” Koichiro Tamba, President of Tamba Shipping, said.
“We believe this joint venture will open opportunities for both companies, and will provide our clients with a stable partner, greater access to vessels and a broader range of shipping options,” Ryuichi Osonoe, President of Fairfield Maritime Japan, said.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 908.00 | 12.00 | 1291.50 | 37.00 |
| Rotterdam | 728.00 | 36.00 | 1416.50 | 83.50 |
| Houston | 760.00 | 5.50 | 1415.00 | 16.50 |
| Fujairah | 988.00 | 3.50 | 1716.00 | 30.00 |
| APAC Average | 999.00 | 4.50 | 1484.00 | 0.50 |
| Global 20 Ports Average | 894.00 | 9.50 | 1542.00 | 34.00 |
| Global 4 Ports Average | 846.00 | 14.50 | 1460.00 | 42.00 |
| Global Average Bunker Price | 946.00 | 9.00 | 1592.50 | 19.00 |
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