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 | 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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