Cargill and Hafnia launch Seascale Energy
(Posted on 01/03/25)
Cargill’s Ocean Transportation business and leading tanker shipping company, Hafnia, have joined forces to launch Seascale Energy, a joint venture, combining Cargill’s existing bunker business Pure Marine Fuels and Hafnia’s Bunker Alliance. By combining the strengths of two global players, Seascale Energy aims to set a new standard for marine fuel procurement by delivering considerable cost efficiencies, transparency, and access to sustainable fuel innovations.
By consolidating bunker purchasing volumes, the venture will secure even more competitive pricing and terms while providing tailored procurement solutions to meet its customers' diverse needs. It will also offer an expanded global port network, giving customers a consistent, high-quality fuel supply worldwide.
“Cargill and Hafnia’s global reach and trading strength, coupled with maritime operational excellence, create a first-class solution for bunker management,” said Jan Dieleman, President of Cargill’s Ocean Transportation business. “Our vision is to lead the energy transition in shipping, unlocking value for our stakeholders while addressing industry challenges around transparency, quality, and decarbonization. Together, we are shaping a more sustainable future for marine fuel procurement.”?
The joint venture offers shipowners and charterers improved transparency and scale, enabling them to secure competitive deals and benchmark performance. Tailored procurement services will reduce internal costs, freeing resources for customers to focus on their core operations.
“Seascale Energy represents our shared vision to simplify and innovate the increasing complexities in the bunkering segment,” said Hafnia CEO Mikael Skov. “As one of the largest services of its kind, led by two large-scale fuel users, we are committed to improving efficiency and addressing industry challenges to benefit our stakeholders across the maritime sector.”?
The joint venture will rely on data-driven insights for optimized decision-making and serve as a center of expertise for navigating evolving fuel regulations and technologies. Seascale Energy will initially represent close to 7.5 million metric tons in bunkering volume and will further its strong growth aspirations to increase scale.
Seascale Energy will be owned jointly and equally by Cargill and Hafnia. The new entity will be jointly governed and will operate under a dual-CEO structure (Olivier Josse, Cargill and Peter Grünwaldt, Hafnia). Business operations will commence in the second quarter of 2025 subject to pending regulatory approval.
Over 25 team members from Cargill and Hafnia will operate under Seascale Energy from Singapore, Geneva, Copenhagen, and Houston.
Latest News
Anglo American and Codelco to unlock significant value from copper mines
(Posted on 28/02/25)Anglo American plc has announced the signing of a memorandum of understanding between its 50.1% owned... Read more
Metso invests in China to strengthen screen offering for mining and aggregates
(Posted on 15/02/25)Metso is investing in the expansion of its screening solutions in China. Metso is a frontrunner in sustainable... Read more
Cemex announces CEO transition
(Posted on 13/02/25)Cemex has announced that its CEO, Fernando A. González, has decided to retire after a successful... Read more
EUROFER: Trump’s tariffs will exacerbate already dire market environment
(Posted on 11/02/25)European Steel Association (EUROFER) President, Dr. Henrik Adam has released a statement on U.S. steel... Read more
Canadian steel producers concern at Trump’s tariff threat
(Posted on 10/02/25)Canadian Steel Producers Association President and CEO, Catherine Cobden has released the following... Read more
Cargill moves to take full control of SJC Bionergia
(Posted on 07/02/25)Cargill continues to advance its growth strategy in the Brazilian market and reinforces its investment... Read more
Anglo American completes sale of minority interest in Jellinbah for A$1.6 billion
(Posted on 31/01/25)Anglo American plc has announced the completion of the sale of its 33.3% minority interest in Jellinbah... Read more
Rivera now MD of Cremer Erzkontor Mexico
(Posted on 30/01/25)Rafael Rivera has been appointed the new Country Manager Mexico of the end-to-end raw materials supplier... Read more
Rio Tinto provides Iron Ore update following Tropical Cyclone Sean
(Posted on 24/01/25)Tropical Cyclone Sean delivered record rain along parts of the Pilbara coastline of Western Australia... Read more
Rio Tinto shows greater consistency across key operations
(Posted on 19/01/25)Rio Tinto has released fourth quarter production results. Chief Executive Jakob Stausholm said: &ldquo... Read more
