YCO sells Yacht Fuel Services
by Malcolm MacLean
YCO Group has reached an agreement with World Fuel Services Europe, Ltd. for the sale of its Yacht Fuel Services business.
Yacht Fuel Services was founded over 20 years ago as a global fuel provider for privately owned superyachts. YFS is among the top suppliers and is a global leader in the yacht fuelling business. The company provides customers with competitive pricing for premium grade yacht fuel, aviation fuel and lubricants.
Yacht Fuel Services is recognized for its ability to provide fuel in more remote cruising areas worldwide and its broad offering also includes credit terms. World Fuel Services will retain the Yacht Fuel Services brand and key personnel..
The sale of YFS forms a part of YCO Group’s strategy to focus on and invest in development of its core services of superyacht brokerage and management.