Tue 28 Jun 2011 17:25

WFS acquires Yacht Fuel Services


YCO Group agrees to sell its fuel business in order to focus on the development of its core services.

YCO Group has announced that it has reached an agreement with World Fuel Services Europe, Ltd. for the sale of its Yacht Fuel Services business.

Yacht Fuel Services (YFS) was founded over 20 years ago as a global fuel provider for privately owned superyachts. The company provides customers with pricing for premium grade yacht fuel, aviation fuel and lubricants.

Commenting on the deal, YCO Group said World Fuel Services would retain the Yacht Fuel Services brand and key personnel.

"Customers will benefit from World Fuel’s significant global supply and service footprint, in addition to easy online purchasing with its Bunkerline web-based procurement system," added YCO Group.

YCO Group said the sale of YFS forms a part of its strategy to focus on and invest in the development of its core services of superyacht brokerage and management.

Net proceeds of the sale will be used for working capital purposes to expand operations globally and to further enhance the group's offering in these areas, YCO said.
Preemraff Göteborg, Preem's wholly owned refinery in Gothenburg, Sweden. VARO Energy expands renewable portfolio with Preem acquisition  

All-cash transaction expected to complete in the latter half of 2025.
Pictured: Biofuel is supplied to NYK Line's Noshiro Maru. The vessel tested biofuel for Tohoku Electric Power in a landmark first for Japan. NYK trials biofuel in milestone coal carrier test  

Vessel is used to test biofuel for domestic utility company.
Pictured (from left): H-Line Shipping CEO Seo Myungdeuk and HJSC CEO Yoo Sang-cheol at the contract signing ceremony for the construction of an 18,000-cbm LNG bunkering vessel. H-Line Shipping orders LNG bunkering vessel  

Vessel with 18,000-cbm capacity to run on both LNG and MDO.
Stanley George, VPS Group Technical and Science Manager, VPS. How to engineer and manage green shipping fuels | Stanley George, VPS  

Effective management strategies and insights for evolving fuel use.
Sweden flag with water in background. Swedish government bans scrubber wastewater discharges  

Discharges from open-loop scrubbers to be prohibited in Swedish waters from July 2025.
The ME-LGIA test engine at MAN's Research Centre Copenhagen. MAN Energy Solutions achieves 100% load milestone for ammonia engine  

Latest tests validate fuel injection system throughout the entire load curve.
Terminal Aquaviário de Rio Grande (TERIG), operated by Transpetro. Petrobras secures ISCC EU RED certification for B24 biofuel blend at Rio Grande  

Blend consisting of 24% FAME is said to have been rigorously tested to meet international standards.
Avenir LNG logo on sea background. Stolt-Nielsen to fully control Avenir LNG with acquisition  

Share purchase agreement to buy all shares from Golar LNG and Aequitas.
Seaspan Energy's 7,600 cbm LNG bunkering vessel, s1067, built by Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd. Bureau Veritas supports launch of CIMC SOE's LNG bunkering vessel  

Handover of Seaspan Energy's cutting-edge 7,600-cbm vessel completed.
The world's first methanol-fuelled container ship, Laura Maersk. Methanol as a marine fuel | Steve Bee, VPS  

How environmental legislation has driven the development of low-sulphur fuels and methanol-ready ships.

↑  Back to Top


 Related Links