World Fuel Services bags US acquisition

The world's largest bunker supplier World Fuel Service has successfully acquired two companies in the US.

BY KATRINE GRØNVALD RAUN

World Fuel Services has acquired the two US-based companies Papco and Associated Petroleum Products. The world's largest bunker company announces this in a statement. Papco is headquartered in Virginia Beach with 150 employees and had revenue of USD one billion in 2015.

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World Fuel Services bags US acquisition

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World Fuel Services in 2015 setback

Is the oil industry shutting down in the North Sea?

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Front page now

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Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

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