ATHENS, Greece, May 22, 2017 /PRNewswire/ -- Lawrence Axelrod, founder and principal of
Axelrod Energy Projects LCC, an international energy consulting and
brokerage firm, and Abudi Zein,
co-founder and CEO of ClipperData, a global leader in crude oil and
petroleum product cargo tracking, announced the sale of Axelrod's
Fuel Oil & Feedstock Trader to ClipperData. Fuel Oil
& Feedstock Trader provides market intelligence and
analysis of the world fuel oil and heavy feedstock markets to
majors, state oil firms, refiners, traders, power companies, bunker
suppliers, power companies, storage companies, and investment banks
around the world. The announcement was made at Axelrod's
10th annual World Fuel Oil Summit held in Athens on May 18-20,
2017.
"We're integrating the world's best real-time fuel oil cargo
data source with the world's most in-depth fuel oil news coverage
and analytical reporting," says Abudi
Zein of ClipperData. "Our data will underpin and enhance the
news coverage, while the news gathering will help refine and direct
our data collection." For the first time, real-time tracking of
cargo flows will underpin investigative reporting, news and
commentary analysis. "Traders are increasingly demanding more hard
data with their news," adds Abudi
Zein, "This acquisition will be good news for traders
wanting more actionable market intelligence."
The sale of Fuel Oil & Feedstock Trader will permit
Axelrod Energy Projects to focus on the firm's core areas of
business – research and consulting, oil cargo brokerage, and
project development. "Axelrod Energy Projects will be in a stronger
position to assist consulting and commercial clients identify and
seize opportunities as the world fuel oil market undergoes
structural transformation," Lawrence
Axelrod observes.
ABOUT CLIPPERDATA
ClipperData, headquartered in New York
City, holds exclusive partnerships with the U.S. Customs
& Border Patrol and Inchcape Shipping Services, the world's
largest port agent. ClipperData offers the industry's most
comprehensive database of waterborne – oceangoing, inland barge,
ship-to-ship and floating storage – flows of all crude oil and
petroleum products worldwide. ClipperData delivers unrivalled
real-time transparency: by ship, grade, API gravity, volume,
load/discharge port and dock, along with consignee information.
www.clipperdata.com
ABOUT AXELROD ENERGY PROJECTS
New York-based Axelrod Energy
Projects LLC provides a variety of services to the international
oil and energy industries. AEP's services include research and
consulting, physical brokerage of oil barges and cargoes, and
project development. www.axelrodenergyprojects.com
The annual World Fuel Oil Summit, organized by Axelrod Energy
Projects, brings together traders and other industry participants
from around the world. The three-day event includes a facility
tour, conference proceedings, and a visit to local landmarks.
www.worldfueloilsusmit.com
PRESS INQUIRIES, PLEASE CONTACT:
David Francoeur, Chief Marketing
Officer
+1 617 852 8868 david.francoeur@clipperdata.com
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SOURCE ClipperData LLC