An international middleman in the sale of fuel in the aviation, marine and land transportation industries, World Fuel rode into the Fortune 100 on a surging wave of trade in the globalizing world economy and rising oil prices. As the name suggests, World Fuel sells fuel and related products, including lubricants. But its product line also includes associated services, including credit and risk management.
Among ongoing cases, Cathay Pacific Airways Limited has filed a writ in the High Court of the Republic of Singapore against a World Fuel subsidiary, alleging that it supplied contaminated fuel that caused the emergency landing of a Cathay aircraft in April 2010. Cathay claimed $34 million of damages. World Fuel is defending against the claim and believes it has enough insurance to cover its liability, if any.
Read more: http://www.macon.com/2015/04/15/3695322/world-fuel-a-quiet-giant-in-global.html
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