Cargill and Hafnia form bunkering joint venture

Cargill’s Ocean Transportation business and product tanker giant Hafnia have joined forces to launch Seascale Energy, a joint venture, combining Cargill’s existing bunker business Pure Marine Fuels and Hafnia’s Bunker Alliance.

“Cargill and Hafnia’s global reach and trading strength, coupled with maritime operational excellence, create a first-class solution for bunker management,” said Jan Dieleman, president of Cargill’s Ocean Transportation business. “Our vision is to lead the energy transition in shipping, unlocking value for our stakeholders while addressing industry challenges around transparency, quality, and decarbonisation. Together, we are shaping a more sustainable future for marine fuel procurement.”

Seascale Energy will initially represent close to 7.5m metric tons in bunkering volume. It will be owned jointly and equally by Cargill and Hafnia and it comes after Maersk Tankers pulled out of a bunker venture with Cargill.

“Seascale Energy represents our shared vision to simplify and innovate the increasing complexities in the bunkering segment,” said Hafnia CEO Mikael Skov. “As one of the largest services of its kind, led by two large-scale fuel users, we are committed to improving efficiency and addressing industry challenges to benefit our stakeholders across the maritime sector.”