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Manifold Times | TFG Marine prepared to offer biofuel and expand bunker supply operations in FY2021


TFG Marine prepared to offer biofuel and expand bunker supply operations in FY2021
10 Dec 2020
Multinational commodity trading company Trafigura Group on Wednesday (9 December) published its 2020 annual report which included a section on the progress made by TFG Marine since the joint venture was formed with Frontline and Golden Ocean earlier this year. 
In its first eight months of operation, TFG Marine (75% owned by Trafigura) built on its established market position in West and South Africa to add operations in Asia, the Americas and north- west Europe. The latter includes bunkering operations in the English Channel, and in the major Amsterdam- Rotterdam-Antwerp hub. ....

Zuid Holland , South Africa , South Korea , Noord Holland , Anders Gronborg , Trafigura Group On , Trafigura Group , Oslo Stock Exchange , Golden Ocean , English Channel , Norway Based Avance Gas , Oslo Stock , Middle East , Minerva Bunkering , தெற்கு கொரியா , நூற்த் ஹாலண்ட் , ஒசிலோ ஸ்டாக் பரிமாற்றம் , தங்கம் கடல் , ஆங்கிலம் சேனல் , நோர்வே அடிப்படையிலானது அவன்ச வாயு , ஒசிலோ ஸ்டாக் , நடுத்தர கிழக்கு , மினெர்வா பதுங்கு குழி ,

TFG Marine to offer marine biofuels from Q1, 2021


TFG Marine to offer marine biofuels from Q1 2021
 TFG Marine bunkering operation in Singapore; Image by Trafigura
TFG Marine, a joint venture bunker company, launched by Trafigura, Frontline Ltd, and Golden Ocean Holdings earlier this year, is planning to transition to lower carbon fuels as it marks rapid business growth.
The JV was announced back in 2019, with Golden Ocean and Frontline acquiring 10 percent and 15 percent interests respectively, and Trafigura taking a 75 percent stake and contributing its existing physical bunkering activities to the new company.
The company was initially launched to act as the exclusive purchaser of marine fuels for Trafigura, Golden Ocean and Frontline, as well as certain entities affiliated with the companies, with the aim of providing bunkers to third parties as well. ....

Noord Holland , Frontline Ltd , Golden Ocean Holdings , Golden Ocean , Norway Based Avance Gas , நூற்த் ஹாலண்ட் , முன்னணி லிமிடெட் , தங்கம் கடல் ஹோல்டிங்ஸ் , தங்கம் கடல் , நோர்வே அடிப்படையிலானது அவன்ச வாயு ,