World News
Singapore's Dynamic Oil Trading Plans Dubai Expansion
Singapore based Dynamic Oil Trading today said it plans to launch a new operation in Dubai later this year.
In the emailed press release, the marine fuels and lubricants trader said its expansion into "one of the world's most important bunkering hubs" was "another milestone" in the growth strategy of the company that was set up just nine months ago.
"This is a significant step for Dynamic Oil Trading, as Dubai is key to our strategic growth plans. We have a growing customer base and an increasing demand for fuel products in the Middle East, so the time is right for us to have a strategic presence in the region in order to better support our customers," said Dynamic Oil Trading CEO Lars Møller.
"We are now underway with recruiting a talented team of bunker professionals in Dubai to help us deliver our objectives."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 504.50 | 2.50 | 620.00 | 3.00 |
| Rotterdam | 456.00 | 1.50 | 621.50 | 2.00 |
| Houston | 476.00 | 7.00 | 624.00 | 1.00 |
| Fujairah | 496.50 | 2.00 | 713.00 | 2.50 |
| Global 20 Ports Average | 526.50 | 0.50 | 712.00 | 0.50 |
| Global 4 Ports Average | 483.00 | 2.00 | 644.50 | 0.50 |
| Global Average Bunker Price | 570.50 | 1.50 | 751.00 | 1.00 |
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