Singapore, 21 April 2020 – TFG Marine, the global marine fuel supply and procurement company created by Trafigura and shipping firms Frontline and Golden Ocean, has been granted approval by the Maritime and Port Authority of Singapore (MPA) to become a Bunker Supplier and a Bunker Craft Operator serving the vessels visiting the country’s port.
Anders Grønborg, who joined TFG Marine as Chief Executive Office in April 2020 to oversee the company’s ongoing expansion efforts, said: “This is excellent news, particularly as Singapore is the largest bunkering hub in the world. TFG Marine adds value by providing an end-to-end service, integrating its expertise in commodity trading with marine fuels supply infrastructure and logistics. As a very strong counterparty in the marine market we look forward to serving the thousands of vessels visiting the Port of Singapore each year efficiently, reliably and responsibly.”
From the beginning of May, TFG Marine will supply HSFO, MGO and VLSFO bunker fuel to bulk carriers, oil tankers and container vessels calling at the Port of Singapore. In time, TFG Marine’s fleet in Singapore will include clean-energy dual-fuel bunker barges, to drive sustainable bunkering activities. The operations will also benefit from Trafigura’s many years of experience supplying marine fuels to the Port and extensive local infrastructure including significant marine fuel storage.
TFG Marine is rapidly scaling up its global footprint, which already includes extensive bunkering operations in South and West Africa, Panama and Ecuador, with plans to announce further developments in Asia, as well as in Europe and the Americas.
For further information, please contact:
TFG Marine’s Global Press Office: Tel +41 (0) 22 592 45 28 or Email: email@example.com
Notes to Editors
Formed in 2020, TFG Marine is a marine fuels supply and procurement joint venture, between physical commodity trading company Trafigura Group Pte and ship owning companies Frontline Ltd and Golden Ocean Group Ltd. The joint venture brings together three companies that are market-leaders in their respective fields, each with solid credentials and complementary strengths in global commodity trading and shipping.
The combined marine fuel demand from Trafigura, Frontline and Golden Ocean, covering a fleet of some 700 owned and chartered vessels, provides economies of scale, and lays the foundation for TFG Marine to become one of the world’s largest fuel procurement and supply alliances, generating substantial demand in key bunkering hub ports globally.