Cargill and Hafnia Look to Shake Up Bunker Business with New JV

A newly formed joint venture between Hafnia and Cargill’s Ocean Transportation business looks to emerge as one of the largest bunker suppliers while also driving the move to decarbonization. The two companies announced today the plans to launch Seascale Energy. By combining strengths, the two companies said they aim to set a new standard for marine fuel procurement by delivering considerable cost efficiencies, transparency, and access to sustainable fuel innovations. 

Expected to launch in mid-2025, Seascale Energy will initially represent 7.5 million metric tons in bu…