TFG Marine, the joint venture between Trafigura Group Pte, Frontline, and Golden Ocean, announced on Monday, December 2, the successful completion of its acquisition of a majority stake in Spanish bunkering company Vilma Oil Med.
Vilma Oil Med operates in the strategic Strait of Gibraltar, one of the world’s busiest maritime corridors. The company’s West-Mediterranean bunkering services include an 84,000 cbm storage facility and a bunkering barge equipped with a mass flow meter, enabling it to supply over 1,500 vessels annually, both in port and offshore.
“We are combining our shared expertise to offer improved reliability, efficiency, and innovation in marine fuel services to our European customers,” TFG Marine stated in a post on social media.
Previously, Manifold Times reported that TFG Marine had reached an agreement to acquire the majority stake in Vilma Oil Med for an undisclosed sum.
Kenneth Dam, TFG Marine’s Global Head of Bunkering, emphasized that this acquisition would allow the company to provide a full range of high-quality bunker fuel to vessels operating in the West Mediterranean Sea, fulfilling a long-standing goal.
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