World News
World Fuel Services Becomes Global Distributor for Infineum Bunker Additives
Fuel supplier World Fuel Services has signed a deal with chemicals firm Infineum to become the global distributor for its marine fuel additives.
The two companies have signed a strategic agreement under which WFS will act as global distributor forInfineum's Marine Fuel Additives line, they said in an emailed statement on Monday.
"Our Marine Fuel Additives portfolio is designed to deliver fuel efficiency, GHG emissions reduction and onboard operability solutions to the shipping industry," Andrea Ghione, marine venture manager at Infineum, said in the statement.
"This collaboration with World Fuel Services will support the industry's decarbonisation efforts, and we are confident that the partnership will deliver outstanding quality and exceptional customer service.
"Customers will also benefit from a strong logistics footprint starting in Singapore and expanding to ports around the world."
World Fuel Services is the world's second-largest seller of marine fuels by volume, with a total of 19.1 million mt of bunker sales last year.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 602.50 | 13.50 | 676.00 | 10.00 |
| Rotterdam | 540.50 | 6.50 | 665.50 | 18.00 |
| Houston | 552.50 | 21.50 | 685.50 | 25.00 |
| Fujairah | 592.50 | 17.50 | 783.00 | 10.00 |
| Global 20 Ports Average | 615.00 | 12.00 | 757.00 | 15.00 |
| Global 4 Ports Average | 572.00 | 14.50 | 702.50 | 16.00 |
| Global Average Bunker Price | 653.00 | 9.50 | 824.50 | 9.50 |
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Oct 02The new hire was previously managing director of bunker trading firm Sing Fuels from March 2018 to this month. -
Oct 03The new hire was previously managing partner of Island Gulf Energy in Dubai from July 2016 to last month. -
Oct 02The new hire was previously a bunker trader for marine fuel trading firm Pacific Bunkers in Singapore from July 2012 to last month.