In 2013 Supply & Trade continued to improve Yara’s global third-party sourcing and gain margins from energy and raw material purchases, and to optimize the company’ maritime logistics.
Yara’s Supply & Trade function plays a key role in serving the operating segments with vital input factors, in particular energy and raw materials. S&T trades in ammonia, and is in charge of Yara’s mining operation. We create global competitive edge for Yara, chiefly by securing cost-competitive raw materials and balanced third party sourcing.
“We support and serve Yara’s operating segments, helping them to create value.”
Alvin Rosvoll, Head of Supply & Trade
In 2013 we continued optimizing Yara’s maritime logistics, improving the utilization of freight capacities, increasing capacity and flexibility. Early in the year we launched two liquid CO2 tanker vessels, Yara Embla and Yara Froya. We also entered into contracts for the construction and delivery of two 20,600 CBM semi-refrigerated LPG carriers, followed by an additional order of a third carrier of the same size in early 2014. In 2013 considerable synergies were gained from the ongoing integration of Bunge’s fertilizer business in Brazil, following the acquisition in 2012.