• 2021 February 24 14:03

    Cargill and Maersk Tankers combine volumes and market expertise to launch new bunker procurement service

    Cargill and Maersk Tankers are embarking on a strategic partnership to combine their bunker volumes, offering a new bunker procurement service to tramp shipping companies and trading houses, according to the company's release. The initial goal is to procure bunker fuel for Cargill and Maersk Tankers’ combined fleet, while aiming to attract additional customers in the coming months. The service will leverage Cargill’s in-house bunker expertise and Maersk Tankers’ commercial and operational capabilities and will launch on April 1, 2021.

    Cargill currently charters a fleet of around 700 vessels and procures 2.5 million tons of marine fuel per year. Maersk Tankers will add the volume stemming from its commercially managed fleet of more than 220 product tankers, increasing the joint annual bunker volume to 3.5 million tons. The increased scale and one voice approach will give access to better prices and services, leveraging relationships with key suppliers in the world’s busiest bunkering hubs to ensure optimal service and bunker premiums.

    “As independent bunker consumers with no physical oil activity or bunker assets, there will be no conflicts of interest. We can therefore focus on providing transparency, robust benchmarking, and a modern and digital customer experience,” said Olivier Josse, Head of Tankers and Marine Fuel at Cargill Ocean Transportation. “We are excited to collaborate with Maersk Tankers and together we have ambitious plans to become a unique provider of bunker solutions.”

    The new one-stop-shop will give customers enhanced access to market information, optimization of bunker logistics, and improved claims support. By digitizing, centralizing and analyzing the large amount of available data, the service will offer increased reactivity to market conditions and refined views on short and mid-term price outlook.

    “Tramp shipping companies face challenges today in a bunker market that is becoming increasingly complex. With our new bunker procurement service, we want to make their lives easier,” says Claus Gronborg, Chief Investment Officer at Maersk Tankers. “Through our scale, they will get access to bunker fuel at competitive prices, while getting an experienced partner that will navigate the bunker market on their behalf. We are excited to venture into this together with Cargill and utilize our combined expertise to provide this new solution to both our pool partners and other shipowners and operators.”

    As the maritime industry transitions towards carbon-neutral to meet the IMO’s target to reduce GHG by 50% by 2050, the bunker market will go through a radical transformation. Cargill and Maersk Tankers are united in their firm commitment to accelerate decarbonization and are building expertise in the use of new fuels and technologies. The new bunker service will provide unique access to future marine fuels, including Cargill’s growing internal biodiesel business.

    This partnership follows a series of strategic collaborations between Cargill and Maersk Tankers, two of the maritime industry’s leading players. In 2019, Cargill and Maersk Tankers created a joint MR tankers pool and launched Project Njord with Mitsui & Co to bring turn-key energy-saving solutions to the market. Last year, Cargill became a strategic investor in ZeroNorth, a tech start-up focusing on vessel performance optimization and decarbonization founded by Maersk Tankers.

    About Cargill

    Cargill’s 155,000 employees across 70 countries work relentlessly to achieve our purpose of nourishing the world in a safe, responsible and sustainable way. Every day, we connect farmers with markets, customers with ingredients, and people and animals with the food they need to thrive. We combine 155 years of experience with new technologies and insights to serve as a trusted partner for food, agriculture, financial and industrial customers in more than 125 countries. Side-by-side, we are building a stronger, sustainable future for agriculture.

    About Maersk Tankers

    Maersk Tankers facilitates the global trade of energy to meet the world’s energy needs. The company is a leading player in the product tanker industry, operating one of the largest fleets of vessels and employing 3,000 employees worldwide. Established in 1928, Maersk Tankers has more than nine decades of experience and expertise in commercial and technical vessel management, providing customers and partners with safe, efficient and flexible services that benefit their businesses.




2021 May 18

18:37 Castor Maritime announces new vessel acquisitions and the delivery of the M/V Magic Vela
18:10 Throughput of port Vyborg in 4M’2021 rose by 476% Y-o-Y
17:48 North Huajin сontracts Dupont Clean Technologies for IsoTherming® Hydroprocessing Technology
17:34 The Grimaldi Group starts ro-ro feeder link between Antwerp and Cork
17:27 Rosmorport announces competition for construction of 18MW diesel-electric ship of Icebreaker7 class
17:05 Eco Marine Power and F-WAVE to develop ship integrated photovoltaic solutions
16:44 Ships of RF Navy's Caspian Flotilla arrived in the area adjacent to Kazakh port of Aktau to participate in a joint naval exercise
16:25 Ardmore Shipping chooses Lean Marine’s FuelOpt™ to enhance fleet efficiency
16:05 GTT will design the cryogenic fuel tanks for twelve new liquefied natural gas fuelled container vessels
15:48 Tanger Alliance at the TC3 terminal in Tanger Med operating at full capacity with eight new Liebherr ship to shore container cranes
15:23 Throughput of port Primorsk in 4M’2021 fell by 23% Y-o-Y
14:59 Ambal ferry returns to Ust-Luga – Baltiysk line
14:30 99 maritime companies, organisations and flag states sign the Gulf of Guinea Declaration on Suppression of Piracy
13:52 Throughput of port Vysotsk in 4M’2021 fell by 5% Y-o-Y
13:24 ABS publishes guidance on the use of biofuels in shipping
13:11 MOL to re-enter ammonia transport business
12:35 Port of Ust-Luga throughput in 4M’2021 fell by 5% Y-o-Y
12:11 Bureau Veritas opens shipbuilding laboratory in South Australia
11:33 Gazprom Neft delivers net profit of more than ₽84 billion in Q1 2021
11:00 Flex LNG enter into time charter party agreement for Flex Constellation
10:34 Throughput of Port St. Petersburg climbed by 1% in 4M’2021
10:09 Seaplace receives LR Approval in Principle for ballast control system
09:50 Throughput of Rostov-on-Don port in 4M’2021 fell by 16%, year-on-year
09:28 Oil prices start rising
09:12 Baltic Dry Index as of May 17
08:39 MOL joins joint development study on ammonia fuel supply chain in Singapore

2021 May 17

18:43 Port of Houston container volumes up 25% in April 2021
18:29 CMA CGM announces PSS for cargo from/to North Europe to/from the Mediterranean & Black Sea
18:03 Lukoil’s hydrocarbon production in 1Q’2021 was 7.6% lower year-on-year
17:41 Port of Tallinn fortified environmental measures in operating areas
17:16 NCSP Group’s cargo turnover in Q1 2021 fell by 19%
16:52 Average spot market price for Russian M100 product fell to RUB 22,851 pmt
16:28 Okskaya Sudoverf wins competition for construction of multifunctional tugboat of 2.5-3 MW
16:05 Stena RoRo's E-Flexer Côte d'Opale delivered to DFDS
15:53 Novatek set to start year round navigation on the Northern Sea Route in 2023-2024
15:34 Metrans doubles number of container trains on the New Silk Road
14:09 Russia approves its Arctic Council Chairmanship program for 2021–2023
13:35 Shipping industry launch the Gulf of Guinea Declaration on Suppression of Piracy
13:11 The Port of València moves 479,171 containers in April and sets monthly and year-on-year records
12:22 Containership ‘HMM NURI’ makes first call in Hamburg
11:00 Seaboard Energy has chosen Topsoe’s HydroFlex™ technology to produce renewable diesel
10:50 Haldor Topsoe to discuss innovation to combat climate change at high-level meeting with US Secretary of State and Danish Minister for Foreign Affairs
10:11 Oil prices fluctuate amid uncertainty caused by coronavirus
09:40 Port of Helsinki throughput in January-April 2021 rose by 4.5% YoY
09:19 Baltic Dry Index as of May 14

2021 May 16

16:23 Port NOLA issues RFP for Louisiana International Terminal preliminary design contractor
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14:18 Investigation of the fires at Tjeldbergodden and Hammerfest now concluded, Equinor says
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12:38 Eneti places order with DEME for one next-generation offshore wind turbine installation vessel
11:07 Boskalis AGM of shareholders adopts resolutions
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2021 May 15

16:53 Terry Federer joins All American Marine as business development manager
15:09 Sites in the Geeste lowlands safeguard port development
14:38 ABB and Millennium Technology Prize celebrate innovation for a sustainable future
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13:19 USCG repatriates 22 migrants from 2 interdictions to Cuba
13:08 Team Transport & Logistics opens its new facility at the Port of Brisbane
12:31 Fleet of ships serving Vale receives first VLOC in the world equipped with rotor sails
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