Marine Fuel, (also known as heavy oil, fuel or furnace oil) is a fraction obtained from petroleum distillation, either as a distillate or a residue. Broadly speaking, fuel oil is any liquid fuel that is burned in a furnace or boiler for the generation of heat or used in an engine for the generation of power. Oils having a flash point of approximately 42 °C (108 °F) and oils burned in cotton or wool-wick burners are an exception. Fuel oil is made of long hydrocarbon chains, particularly alkanes, cycloalkanes and aromatics.
The term fuel oil is also used in a stricter sense to refer only to the heaviest commercial fuel that can be obtained from crude, i.e., heavier than gasoline and naphtha. In some countries, the term “fuel oil” usually refers specifically to diesel fuel, different organizations may have different numerical specifications for the six fuel grades. The boiling point and carbon chain length of the fuel increases with fuel oil number. Viscosity also increases with number, and the heaviest oil must be heated for it to flow. Price usually decreases as the fuel number increases.
The company has emerged as a strategic partner in the physical and electronic trading of energy products. Objectives of the company are to identify worldwide low-priced flows of product, liaise with our counterparts and transport by the most appropriate and cost effective method.