Navitas to launch bunker and marine fuels trading platform

Singapore-based energy company Navitas Resources has announced it will launch the first trading platform for bunker and marine fuels on March 1. The NR-X platform will trade spot contracts for bunker and marine fuels with the aim of creating a forward bunker and marine fuel market, which in turn could help develop a derivatives market. "Players are looking for better ways to hedge bunker and marine fuel more efficiently and we are trying to encourage transparency and get a forward physical ma