Although the tanker fleet increased around 12 percent annually around 1970, a shortage on tonnage remained.

This equals 15.6 percent of the carrying capacity of the entire global fleet, including 23.6 percent of the world tanker fleet and 17.2 percent of dry bulk.

The company looked towards bulk and tanker fleets as replacements for its steamships.

They buy fuel oil from various suppliers, transport, store and blend them and finally deliver to ocean going ships, containers, tanker fleets, time charter operators and marine fuel traders.