Sign up
Log in Sign up
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.

CEO, Fredrik Witte and CFO, Mette Rokne Hanestad. Corvus Energy raises $60m from consortium for maritime battery expansion  

Norwegian energy storage supplier secures growth capital to accelerate zero-emission shipping solutions.
Indian Register of Shipping hosts at LISW 2025. Shipping industry warned nuclear power is essential to meet 2050 net zero targets  

Experts say government backing is needed for nuclear investment.
Rendering of LNG bunkering vessel Avenir TBN. ExxonMobil enters LNG bunkering with two vessels planned for 2027  

Energy company to charter vessels from Avenir LNG and Evalend Shipping for marine fuel operations.
Logos of international maritime associations supporting IMO Net Zero Framework. Shipping associations back IMO Net-Zero Framework ahead of key vote  

Seven international associations urge governments to adopt comprehensive decarbonisation rules at IMO meeting.
Concept illustration of biofuel and renewable energy production. Study claims biofuels emit 16% more CO2 than fossil fuels they replace  

Transport & Environment report challenges biofuels as climate solution ahead of COP30.
Rendering of Green Ammonia FPSO. ABB to supply automation systems for floating green ammonia production vessel  

Technology firm signs agreement with SwitcH2 for Portuguese offshore facility producing 243,000 tonnes annually.
VPS launches VeriSphere digital platform. VPS launches Verisphere digital platform to streamline marine fuel decarbonisation tools  

New ecosystem connects multiple maritime emissions solutions through single user interface.
Wallenius Sol vessel Botnia Enabler. Wallenius Sol joins Gasum's FuelEU Maritime compliance pool as bio-LNG generator  

Partnership aims to help shipping companies meet EU carbon intensity requirements through bio-LNG pooling.
IAPH Clean Marine Fuels Working Group. IAPH launches products portal with ammonia bunker safety checklist  

Port association releases industry-first ammonia fuel checklist alongside updated tools for alternative marine fuels.
Berkel AHK Logo. Berkel AHK joins Global Ethanol Association as founding member  

German ethanol producer becomes founding member of industry association focused on marine fuel applications.




 Recommended