World News
Trafigura Completes Acquisition of High Heat Tankers
Tuesday July 23, 2024
Global commodity trading firm Trafigura has completed its acquisition of joint venture High Heat Tankers.
The firm has completed the acquisition of Gearbulk's 50% stake in the tanker company, it said in an emailed statement on Monday.
HHT was established in 2018 as a 50-50 joint venture between Gearbulk and Trafigura subsidiary Puma Energy Supply and Trading.
The company has a pool of 14 tankers of 15,000-37,000 DWT in size.
"This decision demonstrates our long term commitment to the specialised high heat tanker segment with the most modern and energy efficient vessels available," Andrea Olivi, global head of wet freight at Trafigura, said in the statement.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 589.50 | 2.00 | 651.50 | 2.00 |
| Rotterdam | 552.50 | 5.00 | 650.50 | 3.00 |
| Houston | 537.50 | 2.00 | 658.50 | 8.00 |
| Fujairah | 578.50 | 4.00 | 760.50 | 2.00 |
| Global 20 Ports Average | 605.00 | 0.50 | 744.00 | 0.50 |
| Global 4 Ports Average | 564.50 | 0.00 | 680.00 | 1.50 |
| Global Average Bunker Price | 647.50 | 1.50 | 811.00 | 1.50 |
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