Fuel oil is any of various fractions obtained from the distillation of petroleum. Such oils include distillates and residues. Fuel oils include heavy fuel oil, marine fuel oil (MFO), furnace oil (FO), gas oil (gasoil), heating oils, diesel fuel, and others.
A.P. Møller – Mærsk A/S, usually known simply as Maersk, is a Danish shipping and logistics company founded in 1904 by Arnold Peter Møller and his father Peter Mærsk Møller.
Smit Internationale N.V. is a Dutch company operating in the maritime sector.
Singapore Petroleum Company Limited, in short SPC, is a Singaporean multinational oil and gas company. It is involved in the exploration and production of petroleum, refining, trading and petroleum product distribution.
BW Group is a maritime company involved in shipping, floating gas infrastructure and deep-water oil & gas production. The company has over 490 vessels managed by an international team of over 12,000 staff worldwide. The group was founded by Sir Yue-Kong Pao in Hong Kong in 1955 as World-Wide Shipping. In 2003, the company acquired Bergesen d.y. ASA, Norway's largest shipping company, which was founded in 1935 by Sigval Bergesen the Younger. In 2005, the business was re-branded as BW. With its LNG and LPG fleets combined, BW Group owns and operates the world's largest gas shipping fleet of more than 200 gas vessels, including five FSRUs. Hafnia, a member of the BW Group, operates the world's largest fleet of oil product tankers, and BW Offshore comprises the second largest number of floating oil and gas production units (FPSOs). BW's controlled fleet of over 490 ships also includes crude oil supertankers and dry bulk carriers.
Gasum Oy is a Finnish state-owned energy company operating in the Nordics. Gasum owns 17 biogas refineries in Finland and Sweden, and is the largest processor of biodegradable waste in the Nordic countries. In addition, Gasum sells wind power and provides various energy market services. It is in the process of building a gas filling station network that will also serve heavy-duty vehicles.
Trafigura Group Pte. Ltd. is a multinational commodities company domiciled in Singapore with major regional hubs in Geneva, Houston, Montevideo and Mumbai, founded in 1993. The company trades in base metals and energy. It is the world's largest private metals trader and second-largest oil trader having built or purchased stakes in pipelines, mines, smelters, ports and storage terminals.
Glencore plc is a Swiss multinational commodity trading and mining company with headquarters in Baar, Switzerland. Glencore's oil and gas head office is in London and its registered office is in Saint Helier, Jersey. By some estimates, it is the world's largest commodity trader, and among the world's largest companies.
Robert Viswanathan Chandran was an Indian-born Singaporean business executive, and the founder and CEO of the Chemoil company.
Mercuria Energy Group Ltd. is a Cypriot-domiciled Swiss multinational commodity trading company active in a wide spectrum of global energy markets including crude oil and refined petroleum products, natural gas, power, biodiesel, base metals and agricultural products. The company is one of the world's five largest independent energy traders and asset operators and is based in Geneva, Switzerland, with 37 additional offices worldwide. The group operates in 50 different countries.
Vitol is a Swiss-based Dutch multinational energy and commodity trading company that was founded in Rotterdam in 1966 by Henk Viëtor and Jacques Detiger. Though trading, logistics, and distribution are at the core of its business, these are notably complemented by refining, shipping, terminals, exploration and production, power generation, and retail businesses. Vitol has over 40 offices worldwide, with its largest operations in Geneva, Houston, London, and Singapore.
Bunkering is the supplying of fuel for use by ships, including the logistics of loading and distributing the fuel among available shipboard tanks. A person dealing in trade of bunker (fuel) is called a bunker trader.
Minerva Bunkering is a supplier of marine fuels and bunkering services headquartered in Geneva, Switzerland. It was founded in 2019 as a wholly owned subsidiary of Mercuria Energy Group. It quickly absorbed the larger Aegean Marine Petroleum Network (AMPNI), a public company listed on the New York Stock Exchange, when Aegean was acquired by Mercuria, and Minerva Bunkers, another subsidiary of Mercuria founded in 2014
Algonova was a single-hulled oil tanker launched in 1969 as Texaco Chief for Texaco Canada Ltd. In 1986, the ship was renamed A. G. Farquharson. In 1995 the ship was sold to Imperial Oil. Purchased by Algoma Central in 1998, the ship was renamed Algonova. In 2007, Algoma Central sold the vessel to Belgrave Investors Corporation, which renamed the vessel Pacifico Trader. Helmer Business Incorporated acquired the vessel in 2012 and renamed the ship Great Portobello. The vessel is currently in active service.
Gulf Petrochem Group is a company operating in the downstream and midstream sectors of the oil and energy industry. It has six divisions in Oil Trading and Bunkering, Oil Refining, Grease Manufacturing, Oil Terminals, Bitumen Manufacturing, and Shipping and Logistics.
The Inebolu Shipyard is located on Turkey's Black Sea coast in the town of Inebolu, Kastamonu Province. It is Turkey's only shipyard on the Black Sea. It operates a floating dock with a 4,500 ton lifting capacity, which can handle about 12,000 dwt vessels.
Aristotelis Mistakidis is a Swiss-based Greek metals trader who became a billionaire working for Glencore. He has joint Greek/British citizenship.
OW Bunker, founded in 1980, was a marine fuel (bunker) company based at Nørresundby in northern Denmark. It was the world's largest bunker supplier until its collapse on 7 November 2014. It went from initial public offering (IPO) to bankruptcy in less than a year. The dramatic collapse of the company led to expedited litigation in the English courts.
Hong Lam Marine is a ship owning company, and an operator of petroleum products and chemical tankers, based in Singapore. The company operates a fleet of 35 tankers, totaling a tonnage of 290 605 Deadweight-Tonnage (DWT). Hong Lam Marine has tankers operating within the ports of Singapore, Malaysia, the United Arab Emirates, Australia and in international waters. The tankers are purpose-built and its business activities are mainly in the chartering and ship management of these vessels. The tankers are used for bunkering marine fuels, transportation of jet fuel, supplying marine lubricants in bulk, drums and packs, and transportation of petroleum products and chemicals.
VARO Energy (VARO) is a diversified energy company headquartered in Zug, Switzerland with a presence in twenty-six countries. It operates across the energy value chains in manufacturing, storage and distribution, marketing and trading, with businesses in conventional energies and sustainable energies. In 2022, VARO announced its “ONE VARO Transformation strategy” which focuses on conventional and sustainable energies, with the latter based on five strategic growth pillars - biofuels, green hydrogen, biomethane & bio-LNG, nature-based carbon removals and e-mobility. VARO Energy's shareholders consist of the global investment firm, Carlyle Group and the global energy and commodities company Vitol. The company CEO is Dev Sanyal.
