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About
World Fuel Services Corp. is a fuel logistic company, which is principally engaged in the marketing, sale and distribution of aviation, marine, and land fuel products and related services on a worldwide basis. It operates through the following segments: Aviation, Marine and Land. The Aviation segment markets fuel and related services to major commercial airlines, second and third-tier airlines, cargo carriers, regional and low-cost carriers, flight based operators, corporate fleets, fractional operators, private aircraft, military fleets and to the U.S. and foreign governments. It services include fuel management, price risk management, arranging ground handling, providing global dispatch services 24 hours a day, seven days of the week, and arranging and providing international trip planning including flight plans, weather reports and over flight permits. The Marine segment markets fuel and related services to a broad base of marine customers including international container and tanker fleets, commercial cruise lines and time-charter operators, as well as to the U.S. and foreign governments. Its marine fuel related services include management services for the procurement of fuel, cost control through the use of price hedging instruments, quality control and claims management. The Land segment markets fuel, lubricants and related services to petroleum distributors operating in the land transportation market, retail petroleum operators and industrial, commercial and government customers. World Fuel Services was founded in July 1984 and is headquartered in Miami, FL. | |||
Description
World Fuel Services Corporation, an energy management company, provides energy procurement advisory, supply fulfillment and transaction, and payment management solutions to commercial and industrial customers in the aviation, marine, and transportation industries. It operates through three segments: Aviation, Marine, and Land. The Aviation segment offers fuel management; price risk management; ground handling; dispatch services; and international trip planning services, such as flight plans, weather reports, and overflight permits. This segment offers fuel and related products and services to commercial airlines, second and third tier airlines, cargo carriers, regional and low cost carriers, airports, fixed based operators, corporate fleets, fractional operators, private aircraft, military fleets, and to the United States (U.S.) and foreign governments, as well as intergovernmental organizations. The Marine segment provides fuel, lubricants, and related products and services to international container and tanker fleets, commercial cruise lines, yachts and time charter operators, offshore rig owners and operators, the U.S. and foreign governments, and other fuel suppliers. Its marine fuel-related services include management services to procure fuel, cost control, quality control, claims management, and card payment and related processing services. This segment also offers fueling of vessels in ports and at sea, and transportation and delivery of fuel and fuel-related products. The Land segment provides fuel, lubricants, power and natural gas solutions to petroleum distributors operating in the land transportation market; retail petroleum operators; and industrial, commercial, residential, and government customers. This segment also offers management services to procure fuel and price risk management; card payment solutions, merchant processing services, and payment solutions. The company was founded in 1984 and is headquartered in Miami, Florida. |