Singapore | February 6, 2026 – Nine months after its high-profile entry into the bunkering sector, Seascale Energy is reporting significant operational momentum. Launched in May 2025 as a joint venture between Cargill’s Pure Marine Fuels (PMF) and the Hafnia Bunker Alliance, the platform has rapidly scaled its operations, signaling a shift toward greater transparency and data-driven efficiency in the global bunker industry.
The venture, led by co-CEOs Olivier Josse and Peter Grünwaldt, was designed to consolidate the massive purchasing power of two maritime giants to navigate an increasingly complex marine fuel landscape.
Expanding the Network: 53 Customers and Counting
Seascale’s growth trajectory has been marked by both stability and expansion. According to the company’s nine-month performance update:
- Total Membership: The platform now supports 53 customers.
- Retention: All previous members of the Cargill and Hafnia alliances successfully transitioned to the new Seascale model.
- New Acquisitions: Eight new customers have been onboarded since the May launch, drawn by the promise of collective volume and broader port reach.
This combined scale allows Seascale to negotiate more competitive contracts and unlock commercial opportunities that individual operators often struggle to access independently.
A New Standard in Claims Management
Perhaps the most striking data from the report involves Seascale’s impact on the often-contentious area of bunker claims. By harmonizing post-delivery processes and utilizing improved data handling, the platform has achieved:
- 35% Reduction in Claims: The number of raised claims has dropped significantly compared to pre-Seascale operations, suggesting better alignment between suppliers and vessel operators during the delivery phase.
- 75.6% Collection Ratio: Seascale reports a high success rate in settling claims efficiently.
- Minimal Financial Leakage: The net uncollected value stands at just $0.08 per metric tonne, reflecting a disciplined approach to downside management and dispute resolution.
“The model is designed to improve operational efficiency upstream, reducing the likelihood of disputes in the first place, while maintaining a balanced and fair approach to both clients and suppliers,” the company stated.
Powering the Energy Transition
As the shipping industry faces tightening environmental regulations, Seascale has positioned itself as a bridge to the future. During its first three quarters, the team facilitated several milestone transactions for alternative fuels, including:
- Biofuels: Blends ranging from B4 to B100.
- LNG: Multiple successful bunkerings for the growing dual-fuel fleet.
- Green Methanol: Most notably, the platform recently arranged a green methanol stem for the Brave Pioneer, a Cargill-chartered bulk carrier, in Singapore.
To bolster its technical authority, Seascale has entered into a strategic partnership with Lloyd’s Register. This collaboration provides the venture with annual support on low-carbon fuel transitions and evolving regulatory frameworks like FuelEU Maritime and RED III.
Active Industry Leadership
Beyond procurement, Seascale has emerged as a vocal advocate for higher industry standards. The team has participated in eight major industry events and led five webinars focused on regulatory compliance.
Furthermore, Seascale is a founding member of the Bunker Services Initiative (BSI) in the Amsterdam-Rotterdam-Antwerp (ARA) region. This initiative aims to standardize mass flow meter (MFM) usage and data integrity, bringing Singapore-style transparency to European bunkering hubs.
Looking Ahead
With a global team operating out of Singapore, Geneva, Copenhagen, and Houston, Seascale Energy is moving into its second year with a focus on scaling its sustainable fuel portfolio. As the industry grapples with the costs of decarbonization, Seascale’s “strength in numbers” approach appears to be offering its members a competitive edge in a volatile market.
About Seascale Energy
Seascale Energy is a premier marine fuel procurement platform formed through a joint venture between two global maritime leaders: Cargill’s Ocean Transportation business and Hafnia. By uniting Cargill’s Pure Marine Fuels and the Hafnia Bunker Alliance, Seascale Energy operates as one of the largest and most innovative procurement services in the industry, initially representing a bunkering volume of approximately 7.5 million metric tonnes per year.
The company is dedicated to redefining the standards of marine fuel sourcing by leveraging massive consolidated volumes to provide shipowners and charterers with unparalleled cost efficiencies, transparency, and reliable fuel quality. Beyond conventional fuels, Seascale is a key driver of the maritime energy transition, offering data-driven insights and technical expertise to help members navigate the shift toward sustainable marine fuel innovations, including LNG, biofuels, and green methanol.
Headquartered in Singapore, Seascale Energy is led by a dual-CEO structure, Olivier Josse (Geneva) and Peter Grünwaldt (Copenhagen), and is supported by an expert global team stationed in Singapore, Geneva, Copenhagen, and Houston.
Source: Seascale Energy