Mercuria

Mercuria & ÈTA Shipping Partner To Promote Sustainable Shipping

Credits: Noah Buscher/Unsplash

Global energy and commodity group Mercuria, along with maritime innovator ÈTA Shipping, have announced a groundbreaking partnership to promote sustainable short-sea shipping, reports PR Newswire.

The collaboration will involve the construction of six initial vessels (with an option for ten more) designed for maximum efficiency. The vessels will be owned by Mare Balticum BV, a subsidiary of Mercuria, with ÈTA Shipping as a minority shareholder. The first ship is...

https://mfame.guru/mercuria-eta-shipping-partner-to-promote-sustainable-shipping/

Scorpio And Mercuria Collaborate For A New Joint Venture

Credit: Cytonn Photography/Unsplash

Emanuele Lauro’s Scorpio Commercial Management and Mercuria Shipping have created a new aframax venture called Mercury Pool.

Increased Operational Performance

The tanker pool will have offices located in Switzerland, the UK, the US, and Singapore and starts out with six ships. “Both our companies have world-class reputations. This joint venture will be of great benefit to clients and owners willing to join the pool, as we believe the financial and operational...

https://mfame.guru/scorpio-and-mercuria-collaborate-for-a-new-joint-venture/

Shell Unit Tops Singapore Bunker Supplier List

  • Global energy major Shell has been named as Singapore’s top bunker supplier by volume in 2020.
  • The demise of Hin Leong subsidiary Ocean Bunkering Services appearing to benefit a number of the largest global oil firms.

Shell’s Singapore bunkering unit, Shell Eastern Trading Pte Ltd, became the top marine fuel supplier in the world’s biggest ship refueling hub in 2020, reports Reuters.

The biggest leaps

Singapore-based Sentek Marine & Trading Pte Ltd fell one spot to third in 2020, behind Equatoria...

https://mfame.guru/shell-unit-tops-singapore-bunker-supplier-list/

Leading Oil Trader Teams Up With Singapore Fund Manager for Energy Projects

As per the report article published in Marine Link, Trading house Mercuria and Singapore-based asset manager Envysion Wealth Management, have agreed to co-invest in mining and energy projects, for a commodity investment to balance the default tights made up by banks.

The deal

The deal, signed on Wednesday, will see Mercuria present potential projects for investment to Envysion, founded and led by former Julius Baer banker Veronica Shim. Envysion will then decide whether to participate via a fund...

https://mfame.guru/leading-oil-trader-teams-up-with-singapore-fund-manager-for-energy-projects/