Major marine fuel supplier acquires UAE firm
World Fuel Services Corporation of Miami Springs, Florida, has announced the acquisition of Marine Energy, a marine fuel services company based in Dubai.
A statement released by World Fuel Services statd that the acquisition of Marine Energy gives the US-based company a strong foothold in the world's second-largest marine fuel supply market.
"With the acquisition of Marine Energy, World Fuel Services has a strong presence in all of the world's major bunker fuel markets, " said Jerrold Blair, chairman of World Fuel Services.
World Fuel Services Corporation is a global leader in the downstream marketing and financing of aviation and marine fuel products and related services, providing fuel and services at more than 1,100 airports and seaports worldwide.
With 24 offices strategically located bases throughout the world, World Fuel Services offers a value-added outsource service for the supply, quality control, logistical support and price risk management of marine and aviation fuel. — (Albawaba-MEBG)
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