August 13, 2019 / 7:06 AM / 7 days ago

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

OSLO, Aug 13 (Reuters) - Trafigura Group is joining forces with shipping firms Frontline and Golden Ocean 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)

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