Marine Fuels Products News

EXXONMOBIL Marine Fuels (EMMF), the world's largest supplier of marine fuels, has signed a supply agreement with NT Marine of Estonia, the biggest marine fuels trader in the region extending from Tallin in Estonia to St. Petersburg in Russia. The agreement initially covers St Petersburg and all the main ports in Estonia, including Tallin, Muuga, and Paldiski. to cover other ports, depending on industry developments in the region. EMMF will be supplying a full range of marine fuels products. And existing EMMF customers will be given priority in terms of fuel purchases in the region transacted through NT Marine, which is able to offer an in-line blending barge service to fuel purchasers.

OceanConnect.com, the independent online marketplace for the purchase and sale of marine fuels, products and services introduced an innovative feature called OceanConnect.com Credit Solutions. Through the website, up to $1 million of credit protection could be available per ship owner closing business on the OceanConnect.com site. OceanConnect.com Credit Solutions provides the opportunity for suppliers to be covered for losses due to insolvency or default by buyers. Coverage is provided by an underwriter rated "A+XV" by A.M. Best Company. When an auction is created, available coverage is calculated instantly and can be viewed by buyers and invited suppliers on the auction monitor. OceanConnect.com Credit Solutions provides benefits to both suppliers and buyers alike.

OceanConnect.com, the global online marketplace for the purchase and sale of marine fuels, products and services has entered into a joint marketing and services agreement with integrated shipping services group H. Clarkson & Co., effective March 31. The operating alliance between the two companies combines the transparent marketplace of online auctions with the personal service and post fixture support of a leading marine fuel broker. This alliance, which offers a variety of new options transaction options, was developed in response to customer feedback. Several new transaction options are now offered, such as the ability to log on to OceanConnect.com and transact business without any further assistance.