Trafigura in Fuel JV with Frontline, Golden Ocean
Trafigura Group is joining forces with shipping firms Frontline and Golden Ocean to set up a company to supply shipping fuels ahead of a shake up in regulations next year which could disrupt fuel delivery and cause prices to spike.The three companies said on Tuesday that subject to agreement on final terms, the joint venture is expected to start operating in the third quarter.From Jan. 1, International Maritime Organization (IMO) rules will bar many ships from using marine fuel…
Gibraltar: Iran Tanker Release Report Incorrect
A highly placed Gibraltarian government source denied on Tuesday an Iranian news agency report which said the Iranian oil tanker Grace 1 would be leaving the British…
LGL Announces Retirement of Robert G. Wellner
Liberty Global Logistics LLC (LGL) announced today that Robert G. (Bob) Wellner, its current President, will retire effective December 31, 2019. Mr. Wellner is a widely respected industry veteran with more than 46 years of experience in the U.S.-flag shipping and logistics industry and was a key player in the formation and growth of LGL.Mr. Wellner joined forces with Philip J. Shapiro in 2003 which led to the formation of LGL. LGL commenced operations in 2004. Mr.
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