TFG Marine becomes majority owner of Spanish bunkering firm Vilma Oil Med

TFG Marine, the global marine fuel supply and procurement joint venture between Trafigura Group Pte (Trafigura) and shipping firms Frontline and Golden Ocean, on Monday (2 December) announced the completion of the acquisition of its majority stake in Spanish bunkering company Vilma Oil Med.

Strategically located in the Strait of Gibraltar, one of the world’s busiest maritime routes, Vilma Oil Med’s West-Mediterranean bunkering services include an 84,000 cbm storage facility and a mass flow meter equipped bunkering barge capable of supplying over 1,500 vessels annually, both in port and offshore.

“This partnership combines our shared expertise to deliver enhanced reliability, efficiency and innovation in marine fuel services to European customers,” TFG Marine said in a social media post. 

Manifold Times previously reported TFG Marine agreeing to acquire majority ownership of Spanish bunkering company Vilma Oil Med for an undisclosed sum.

Kenneth Dam, TFG Marine’s Global Head of Bunkering, said the acquisition will enable TFG Marine to supply vessels with a complete range of high-quality bunker fuel in the West Mediterranean Sea which has long been the company’s goal.

Related: TFG Marine to acquire majority ownership of Spanish bunkering firm Vilma Oil Med

Photo credit: TFG Marine
Published: 3 December, 2024