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 
Methanol bunker fuel delivery. World Fuel Services and West Coast Clean Fuels launch methanol bunkering across US ports  

First over-the-water methanol delivery completed in South Florida with Coast Guard-approved procedures.
Valerie Ahrens. Burando Energies appoints Valerie Ahrens as global head of methanol  

Ahrens brings more than 30 years of energy sector experience to the marine fuels supplier.
New Sea Generation (NSG) logo. New Sea Generation seeks junior bunker trader in Greece  

Greek bunker firm advertises role requiring commitment to demanding work schedule and operational responsibilities.
Person signing a document. IINO Lines secures sustainable shipping finance for methanol dual-fuel VLCC  

Japanese shipowner signs impact financing agreement with Mizuho Bank for alternative-fuel tanker.
Fluxys logo. Fluxys Belgium reports EUR74.9m profit as LNG flows surge and hydrogen infrastructure begins  

Belgian gas infrastructure operator’s 2025 net profit fell 8.8% amid hydrogen and CO₂ investments.
VPS logo. Shale oil components detected in Singapore marine fuel | VPS  

VPS testing identifies 90,000 mt of delivered VLSFO containing Estonian shale oil compounds.
Constantinos Capetanakis, Star Bulk. IBIA chair completes two-year term, citing expansion in regulatory engagement and membership  

Outgoing chair to remain on Global Board and lead Future Fuels and Bunker Buyers’ working groups.
Aerial view of a container vessel. LNG and methanol investments risk becoming 'dead ends' for shipping decarbonisation, UCL study finds  

Research warns transitional marine fuels may lock in fossil infrastructure rather than enabling an ammonia pathway.
Vitalii Protasov, GENA Solutions Oy. Protasov: Renewable fuel supply could meet shipping demand, but offtake agreements remain a barrier  

GENA Solutions CEO highlights project pipeline growth but warns regulatory uncertainty hampers investment decisions.
Frontier Venture vessel. Wah Kwong takes delivery of first LNG-ready LR2 tanker with Bureau Veritas SMART notation  

Frontier Venture is first in newbuild series to achieve Group 3 'augmented ship' capabilities.




   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