World News
Delta Corp's Merger With Coffee Holding Moves Closer to Fruition
Monday April 17, 2023
The planned merger between Delta Corp and Coffee Holding has moved a step closer to fruition with public listing documents filed in the US.
Delta Corp is the parent company of marine fuel supplier Delta Energy. Delta Corp announced last year that it would be merging with US-based Coffee Holding.
The merger is subject to shareholder approval and a listing on the Nasdaq in the US.
The firms have now announced the as-yet-unnamed combined company has submitted registration documents for the listing with the SEC in the US.
The vast majority of bunker suppliers are not listed companies, apart from World Fuel Services and Cockett Group. The listing will bring Delta new public scrutiny as well as regulatory costs.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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