Hafnia and Cargill establish a new bunker firm

With the merger of Hafnia’s Bunker Alliance and Cargill’s Pure Marine Fuels, Seascale Energy will initially account for about 7.5 million metric tons of bunkering volume. The new joint venture, according to Cargill and Hafnia, is to guarantee reliable access to high-quality marine gasoline at low prices. According to the partners, this would be accomplished by providing significant cost savings, transparency, and access to breakthroughs in sustainable fuel.

The project aims to provide customized procurement solutions and competitive prices and terms for shipowners and charterers by combining bunker purchase volumes. Additionally, it will provide a wider global port network, allowing for a “consistent” fuel supply around the globe. In particular, the joint venture will act as a hub for managing changing fuel laws and technologies and rely on data-driven insights for optimal decision-making.

Cargill and Hafnia will jointly and equally own Seascale Energy. The new organization will function on a dual-CEO structure and be jointly governed by Peter Grünwaldt, Hafnia, and Oliver Josse, Cargill. Subject to obtaining regulatory approval, business operations are anticipated to start in the second quarter of 2025.