Singapore, Malta Bunker Venture Moves Forward

Ship&Bunker 06/11/2014: Malta Enterprise yesterday announced a new joint venture between Singapore's International Energy Group (IEG) and itself with hopes of developing Malta as an Europe-Asia energy trading hub.

The new venture is expected to carry out its first transactions next year with an initial focus on oil trading.

It is hoped that the business will develop to encompass oil blending and bunkering activities...read on.