World News
StormGeo Completes Climatempo Acquisition
Monday March 18, 2024
Maritime technology company StormGeo has completed its acquisition of Brazilian meteorological service Climatempo.
StormGeo had taken a 51% stake in the firm in 2019, increased that position to 89.66% in 2023 and now owns 100% of the company, it said in an emailed statement at the start of the week.
StormGeo's aim is to increase its footprint in South America, with a particular focus on Brazilian customers.
"This is an exciting and logical next step in our association with Climatempo and an important move towards becoming a market-leading technology provider for weather-sensitive industries in Latin America," Kim Sørensen, CEO of StormGeo, said in the statement.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 562.00 | 3.00 | 694.50 | 4.00 |
| Rotterdam | 525.00 | 0.50 | 663.50 | 5.50 |
| Houston | 561.50 | 1.50 | 699.50 | 6.50 |
| Fujairah | 556.50 | 2.00 | 757.00 | 2.00 |
| Global 20 Ports Average | 582.50 | 0.50 | 767.50 | 1.00 |
| Global 4 Ports Average | 551.00 | 1.00 | 703.50 | 4.50 |
| Global Average Bunker Price | 633.00 | 2.00 | 813.00 | 5.50 |
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