As a consequence of current world-wide developments there is in the next coming months a significant shortage of fuel expected that will harm the Brazilian economy.
Due to closure of refineries in Europe in the past years, European trader will be strong buyers for its own region and has been storing the fuel in large scale tanks like in Rotterdam and in Antwerp.
For continuing the fuel supply to Brazil, Nimofast formed a partnership with a Dubai DMCC based company (Dubai Multi Commodities Centre) in the United Arab Emirates which has large scale of fuel volumes available via its own tanks in the Emirate Fujairah.
We look forward to working with our customers to continue financing fuel imports into the Brazilian market.
Furthermore, we would like to inform you that all trade transactions by Nimofast will be fully in compliance with international and with Brazilian law.
President & CEO of Nimofast Brasil S/A
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Some clipping informative:
A shortage of diesel fuel is spreading across the United States, with one company launching an emergency delivery protocol, requesting a 72-hour advance notice from clients to be able to make the delivery.