Global agribusiness giant Cargill has partnered with tanker company Maersk Tankers to launch a new bunker procurement service, Cargill announced on 23 February.

Launching on 1 April, the initial goal of the partnership was to procure bunker fuel for Cargill and Maersk Tankers’ combined fleet, while aiming to attract additional customers in the near future, the company said.

The partnership would offer a joint annual bunker volume of 3.5M tonnes by combining Cargill’s fleet of around 700 vessels, which procure 2.5M tonnes/year of marine fuels, with the volume from Maersk Tankers’ fleet of more than 220 product tankers.

“As independent bunker consumers with no physical oil activity or bunker assets, there will be no conflicts of interest. We can therefore focus on providing transparency, robust benchmarking, and a modern and digital customer experience,” said Olivier Josse, head of tankers and marine fuel at Cargill Ocean Transportation.

The new service would give customers access to market information, improved bunker logistics and improved claims support, Cargill said.

“Tramp shipping companies face challenges today in a bunker market that is becoming increasingly complex. With our new bunker procurement service, we want to make their lives easier,” said Claus Gronborg, chief investment officer at Maersk Tankers.

The partnership followed a series of collaborations between the two companies including the creation of a joint tankers pool in 2019.