Sign up
Log in Sign up
Tue 28 Jun 2011, 17:25 GMT

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.

Deal   Monaco 
Rolls-Royce mtu engine test bench. Rolls-Royce Power Systems switches German engine test facilities to HVO fuel  

Company saved 3,200 tonnes of CO2 by end of 2025 after switching to renewable diesel.
MSC Migsan delivery ceremony. Changhong International delivers final LNG dual-fuel container ship 205 days early  

Chinese shipbuilder completes 10-vessel series for MSC with delivery of 11,500-teu MSC Migsan.
Seoul city skyline. Oilmar seeks senior and mid-level bunker traders in Seoul  

Marine fuel firm aims to recruit experienced traders for South Korean operations.
Morten Thomas Jacobsen, GEA. Global Ethanol Association to present on ethanol marine fuel at London shipping expo  

Morten Thomas Jacobsen will discuss ethanol fuel trials and maritime decarbonisation challenges in June.
Adrian Tolson, IBIA. IBIA warns of structural shift in marine fuel market following Middle East tensions  

Association chair says geopolitical disruptions signal lasting changes to bunker supply dynamics and pricing.
HMM Hamburg vessel. Rotterdam bunker volumes plunge 25% in first quarter amid regulatory shifts  

Fossil fuel sales decline sharply while alternative fuels show modest growth in Dutch port.
Camellia Dream vessel. Norsepower completes factory tests for 18 rotor sails bound for Airbus fleet  

Wind propulsion units cleared for installation on LD Armateurs vessels targeting 50% emissions reduction.
Frankie Russ vessel. Ernst Russ acquires four chemical tankers with five-year charters worth $126m  

Hamburg shipowner enters tanker segment with methanol-ready newbuildings delivering from Q4 2026.
Ammonia fuel system component. Wärtsilä boosts ammonia engine power output to match LNG equivalent  

Finnish technology group raises Wärtsilä 25 Ammonia engine output, enabling simpler vessel designs.
Aerial view of a cruiseship at sea. Fincantieri secures order for three LNG-fuelled cruise ships from Princess Cruises  

Italian shipbuilder to construct vessels at Monfalcone yard, with deliveries scheduled through 2039.




   Fuels & Propulsion

Ammonia B100 B24 B30 Bio-LNG/LBM Biofuel Biogas Biomethanol Dual-fuel E-fuel E-methane/e-NG Electric Ethanol FAME Green hydrogen Green/e-ammonia HVO Hydrogen LNG LPG Lubes Methanol MGO Nuclear UCOME ULSFO VLSFO Wind power



 Recommended