Cargill’s Ocean Transportation and Hafnia have joined forces to launch Seascale Energy, a joint bunkering venture.
As announced, by consolidating bunker purchasing volumes, the venture aims to secure competitive pricing and terms while providing tailored procurement solutions. Moreover, it will also offer an expanded global port network.
In addition, 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.
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.
…said Jan Dieleman, President, Cargill’s Ocean Transportation.
Furthermore, the new venture 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.
Seascale Energy represents our shared vision to simplify and innovate the increasing complexities in the bunkering segment.
…said Mikael Skov, CEO, Hafnia.
