Online Fuel Supplier Fueled By Support

Online marine fuel supplier Ocean- Connect signed a strategic alliance with ship broking group Horace Clarkson Pic. "Clarksons will support OceanConnect.

corn's initiatives to develop credit insurance and swaps capability to the online marine fuels marketplace," the company said. Clarksons, the world's biggest shipbroking group will also become an equity partner in OceanConnect.

In the last month OceanConnect has announced partnerships with shipping companies Eletson Corporation, Keystone Shipping Co and Stena Bulk AB plus Japan's Nippon Mitsubishi Oil Company and energy information provider Petroleum Argus. Scheduled to begin operations in late spring, Ocean- Connect said it aims to provide a fast and price-efficient marketplace for marine fuel transactions plus real-time information on pricing and product availability. Other investors include BP Marine (a unit of BP Amoco), Fuel and Marine Marketing LLC (a joint venture between Texaco and Chevron) and Shell Marine Products (a Royal Dutch/Shell unit).

Maritime Reporter Magazine, page 44,  May 2000

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.