Global bunker supplier TFG Marine aims to strengthen its presence in the West Mediterranean Sea through buying into Spanish bunker firm Vilma Oil. 

PHOTO: Port of Ceuta, Spain. Getty Images

The acquisition is subject to customary closing conditions and regulatory approvals. TFG has not disclosed the cost of the acquisition. 

Vilma Oil has been an active physical bunker supplier in the Port of Ceuta over the past 18 years. It has an 84,000-cbm storage terminal and a bunker barge in Ceuta, and says it supplies bunkers to over 1,500 vessels each year. 

Vilma Oil’s bunker vessel is currently being fitted with a mass flow meter as part of the acquisition, said Kenneth Dam, TFG's head of bunkering.

The port of Ceuta in the Gibraltar Strait is a busy bunker port and ranks fourth in Spain for bunker operations, according to shipping agent Jose Salama & Co.

By Manjula Nair

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