Chemoil joins OceanConnect
OceanConnect has attracted the largest independent fuel supplier as a new equity partner. OceanConnect President Thomas Reilly announced that Chemoil Corporation has acquired an equity stake and is using OceanConnect as its exclusive online system for buying and selling fuels. Chemoil Group is the world's largest independent fuel supplier, selling over 12 million tons of fuel annually through complete bunkering services in the ports of Los Angeles, San Francisco, Houston, New Orleans, New York, Antwerp, Rotterdam and Singapore. "OceanConnect's traditional brokers provide the information and reliability that's vital in the marine industry, while their unique technology finds the best possible deal for buyers and suppliers alike.
Chemoil Consolidates U.S. Ops
Chemoil Corporation has announced the planned consolidation of its US offices. Chemoil's Houston office, which opened in 1986, will be closed in July of 2002. This office has been responsible for Chemoil's trading and operational activities in the US East Coast and US Gulf Coast. These responsibilities will be centralized to the San Francisco office. In 1998, Chemoil made a partial consolidation moving its marketing activities to San Francisco. centralized coordination as the company expands its cargo trading operations. years. In 1997, 70% of Chemoil's turnover came from selling bunkers with 30% from cargo trading activity. in of $3.5 Billion, and while bunker sales have grown, they now make up just 25% of the Group sales.
