[2] WKC focuses on the marketing, trading, and financing of aviation, marine, building, and ground transportation energy commodities and related services.
In 1995, Stebbins and Kasbar sold Trans-Tec to International Recovery Corporation, and the company was renamed World Fuel Services.
Stebbins and Kasbar served as members of the board of directors and managed the marine business, prior to taking on the corporate positions they hold today.
[6] WFS was named as a co-defendant in various lawsuits since it had title to crude oil aboard a Montreal, Maine and Atlantic Railway train which derailed in Lac-Mégantic, Quebec on July 6, 2013, resulting in 47 deaths.
[7] Prior to the accident, WFS had been lauded as the only firm which had grown faster than technology giant Apple across a ten-year span.
Since 2010, World Kinect has made a series of transformational acquisitions in software, financial technology, natural gas, power, and energy management:[10] In 2014, WKC divested interests in a North Dakota Bakken crude oil transloading and trading venture.
The marine segment offers bunkering for global maritime fleets, as well as lubricants and related products and services across 1,200 major seaports.