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

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