Trafigura to set up shipping fuel venture with Frontline, Golden Ocean By Reuters


OSLO (Reuters) – Trafigura Group is joining forces with shipping firms Frontline (OL:) and Golden Ocean (O:) to set up a company to supply shipping fuels globally, the three companies said in a joint statement on Tuesday.

“Frontline and Golden Ocean will acquire 15% and 10% interests in the joint venture, respectively and Trafigura will contribute its existing physical bunkering activities,” they added.

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