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Fuel Brokers News

23 Jan 2002

Clarksons Bunker Group becomes OceanConnect UK Limited

Clarksons announced that it is increasing its equity share in OceanConnect following OceanConnect's acquisition of the Clarksons Bunker Group. The move adds five professional fuel brokers to OceanConnect's London group, making it one of the largest brokering teams in London. OceanConnect UK Ltd, OceanConnect's London affiliate, will handle all bunker transactions previously serviced by Clarksons Bunker Group. "Clarksons and OceanConnect began a joint marketing and services agreement in March 2001. a superior brokering service. The results were outstanding. By working together, we moved beyond brokering. Reilly said.

20 Jun 2002

OceanConnect and Starsupply Launch Hedging Service

OceanConnect President Thomas Reilly today announced the launch of a new risk management service aimed at helping shipowners and suppliers protect their profits. "Financial derivatives have become an important tool in the risk management arena. said. managing their exposure to the volatile marine fuel marketplace. now have additional benefits," said OceanConnect President Thomas Reilly. broker, to develop this offering," Reilly said. evolution. world's largest marine fuel brokers. Bandy said. fleet on our spot purchasing. Meldgaard, Vice President at Dampskibsselskabet Norden AS. chartered tonnage. leadership as a factor in the decision to begin the partnership. most innovative and flexible marine fuel service. forward to a successful partnership," he said.