In Singapore, Cargill’s Ocean Transportation business and tanker shipping firm Hafnia announced their JV, Seascale Energy, will launch in the second quarter of 2025, consolidating 7.5 million metric tons of bunker volume under one roof to secure competitive pricing, streamline procurement, and expand access to alternative fuels. “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.
Seascale Energy will integrate Cargill’s Pure Marine Fuels and Hafnia’s Bunker Alliance, operating out of Singapore, Geneva, Copenhagen, and Houston with a 25-person team. “Seascale Energy represents our shared vision to simplify and innovate the increasing complexities in the bunkering segment,” said Hafnia CEO Mikael Skov. The joint venture will be equally owned and governed by Cargill and Hafnia, with Cargill’s Olivier Josse and Hafnia’s Peter Grünwaldt as co-CEOs.
Aiming to navigate shifting fuel regulations and improve transparency, the venture will leverage data-driven insights for procurement. Pending regulatory approval, Seascale Energy will provide shipowners and charterers with expanded port access, cost efficiencies, and benchmarking tools to optimize fuel strategies.
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Tags: Cargill, Hafnia, Singapore
Category: Sustainable Marine Fuels
