Verde Marine Energy and Eleven Energy Launch Strategic Collaboration
Northwest Europeanmarine fuel supplierVerde Marine EnergyandSauditrading firmEleven Energyhave announced a strategic collaboration between the two firms. The collaboration is aimed at combining Verde's. . .
Northwest Europeanmarine fuel supplierVerde Marine EnergyandSauditrading firmEleven Energyhave announced a strategic collaboration between the two firms. The collaboration is aimed at combining Verde's physical supply capabilities and Eleven Energy's international trading platform, Eleven Energy said in aLinkedInpost onWednesday. The two companies will remain independent of one another, with their own ownership, operations, commercial strategies and business models. "Having already worked successfully together through periods of market volatility, the companies have demonstrated how their capabilities complement one another," Eleven Energy said. "This collaboration formalizes that relationship and provides a stronger platform to unlock efficiencies, create new opportunities and deliver greater value across the marine energy supply chain. "As part of the deal,Chris Todd, CEO of Eleven Energy, will take an additional role within Verde, whileJoe Tierney, head of trading at Verde, will take a role with Eleven Energy. Verde waslaunched inMay 2024by the ARA physical supply team ofDelta Energy, with the backing ofDutchshipping companyVertom BV. Tierney and Todd had previously worked together at Delta Energy. Eleven Energy waslaunched inJune 2025as a Saudi Arabia-based global bunker trading company backed byHRH Prince Abdulaziz Al Saud bin Turki. Ship & Bunker News TeamTo contact the editor responsible for this story email us at[email protected]