Bunkerfuels Korea Team Joins OceanConnect

Friday, August 23, 2002
OceanConnect President Thomas K. Reilly announced today that the entire Bunkerfuels Korea team has joined OceanConnect, effective immediately. Bunkerfuels is owned by World Fuel Services, which trades as INT on the New York Stock Exchange. “We are extremely pleased to welcome S.I. Shim and his colleagues to OceanConnect,” said OceanConnect President Thomas K. Reilly. “It’s a tribute to our organization that one of the world’s leading bunker brokers has chosen to join OceanConnect. With the addition of S.I. and his team, OceanConnect now offers unparalleled value by combining online transactions with traditional 24/7 service,” Reilly continued. “S.I. and his team built the first international bunker brokering organization in Korea. Their expertise and reputation are unmatched.” “Our strategic aim has always been to combine the best traditional service with the best technology, offering the greatest value to our customers -- owners and suppliers alike. When the former Clarksons bunker team team joined OC, customers reacted quite favorably. The addition of the Bunkerfuels Korea team will bring even more value, maximizing the competitive advantages of OceanConnect,” Reilly said. “S.I. Shim is universally recognized as Asia’s leading bunker broker,” said Bunkerfuels founder Bob Fitzgerald, who also recently joined OceanConnect. “I am looking forward to working with Shim and his highly professional staff again at OceanConnect, which is now the only marine fuel service combining the best traditional brokering expertise and leading edge technology,” Fitzgerald said. In addition to Shim who has over 20 years experience in bunker broking, J.H. Kim, Ms. H.S. Kim, and E.Y. Lee are also joining OceanConnect. Collectively, the former Bunkerfuels Korea team brings over 70 years of bunker experience to OceanConnect. “I am elated to join OceanConnect. Only through OceanConnect can ship owners and suppliers reap considerable benefits through state-of-the-art transaction technology. It’s exciting to join a strong company with such a promising future,” Shim said.

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