Trafigura's and Fredriksen carriers' bunker venture gets license in Singapore

TFG Marine, established by commodity trader Trafigura alongside Frontline and Golden Ocean, is one of two bunker companies that have just been awarded a license at the world's largest bunker port, Singapore.

Photo: Stf Ed Wray/AP/Ritzau Scanpix

The Maritime and Port Authority of Singapore (MPA) has awarded two bunker companies a license to operate at the world's largest bunker port.

The licenses are awarded to Minerva Bunkering, which files under Mercuria Group, and TFG Marine, which was established by commodity trader Trafigura and the two John Fredriksen-controlled shipping companies Golden Ocean and Frontline. This occurs after the two companies filed applications in December last year.

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