Fujairah faces more bunkering competition as Saudis, Qatar, Oman enter fray

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The UAE’s Port of Fujairah, the world’s third-biggest bunkering hub, is facing increased competition to supply marine fuels in the region, with new entrants ranging from Saudi Arabia to Qatar and Egypt, Colin Holloway, global head, technical, at Cockett Marine Oil, said March 9. Cockett is owned 50% by commodities trader Vitol and 50% by Grindrod, a logistics and services…