OSLO (Reuters) - Trafigura Group is joining forces with shipping firms Frontline (OL:FRO) and Golden Ocean (O:GOGL) to set up a company to supply shipping fuels globally, the three companies said in a joint statement on Tuesday.
"Frontline and Golden Ocean will acquire 15% and 10% interests in the joint venture, respectively and Trafigura will contribute its existing physical bunkering activities," they added.