Commodities trader Trafigura is joining forces with shipping firms Frontline and Golden Ocean to supply marine fuel ahead of a shake up in regulation which could disrupt delivery and cause prices to spike, reports Reuters.
Kick start in the third quarterThe three companies said the joint venture is expected to start operating in the third quarter, subject to agreement on final terms.
From Jan. 1, International Maritime Organization (IMO) rules will bar ships from using marine, or bunker, fuel...
http://mfame.guru/trafigura-launches-ship-fuel-venture-with-frontline-and-golden-ocean/