Post by Trafigura

CMB.TECH, one of the world's largest maritime groups with a fleet of around 250 ocean-going vessels, has increased its stake in TFG Marine from 10 to 15 percent. It has also committed to sourcing all of its bunker fuel requirements through the joint venture — a vote of confidence in what TFG Marine has built since Trafigura founded the business in 2020. The deal brings TFG Marine's shareholding to 70 percent Trafigura, 15 percent Frontline Management AS and 15 percent CMB.TECH. Andrea Olivi, Global Head of Shipping at Trafigura, said: "As the founding and majority shareholder, Trafigura is proud of the business TFG Marine has become. TFG's position as one of the leading marine fuel suppliers in the world is built on a foundation of operational excellence, underpinned by digitalisation, modernisation and transparency. With the support of its shareholders, TFG Marine has the platform and the ambition to continue its trajectory of growth." Supplying over 10 million metric tonnes of marine fuels per annum across more than 35 bunkering hubs worldwide, TFG Marine continues to grow as the marine fuel supplier of choice for leading shipping groups. Read the full press release here: https://lnkd.in/eb9jwhuv #TFGMarine #Shipping #Bunkering #MarineFuels #ConnectingVitalResources