Trafigura to set up shipping fuel venture with Frontline, Golden Ocean
13/08/2019 08:01
OSLO, Aug 13 (Reuters) - Trafigura Group is joining forces
with shipping firms Frontline FRO.OL and Golden Ocean GOGL.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.
(Reporting by Terje Solsvik; Editing by Susan Fenton)
((terje.solsvik@thomsonreuters.com; +47 918 666 70; Reuters
Messaging: terje.solsvik.thomsonreuters.com@reuters.net))