The joint venture, Global Chartering Limited (GCL), between Arcelor Mittal, Drylog, and SEKAVIN forms strategic partnership to strengthen marine fuel supply and logistics.

The existing joint venture between steel and mining company Arcelor Mittal, Peter Livanos-led Drylog, a major dry bulk shipping company and Greece’s trader and physical supplier of marine fuels and lubricants SEKAVIN, have entered into a strategic partnership to enhance fuel procurement, logistics efficiency, and sustainability in maritime operations.

The partnership will initially focus on key strategic bunkering locations, with plans to expand as market demands and sustainability initiatives evolve.

Sifis Vardinoyannis, CEO of SEKAVIN, said: “By working together, we are reinforcing our commitment to ensuring a stable and future-ready fuel supply for the fleet and the wider industry.”

As disclosed, the partnership will combine GCL’s expertise across the entire shipping value chain, and SEKAVIN’s presence across 400 ports and supplier network of more than 200 suppliers.

The collaboration will also explore new approaches to alternative fuels and emissions reduction.

“This partnership reflects the natural synergies between our businesses and the increasing need for integrated solutions in global shipping,” said Yannis Haramis, CEO of GCL.