Mercuria: We are Investing Substantial Resources Into the Bunkering Business

by Ship & Bunker News Team
Monday March 16, 2015

Swiss trading house Mercuria has announced that it is investing "substantial resources" to expand its marine fuels business, Minerva. 

The news follows reports last week indicating that over half of the South Korean team established late last year had left the company.

"We are investing substantial resources into the bunkering business," said Global Trading Head Magid Shenouda.

"Minerva is the natural complement to Mercuria's fuel oil trading structure."

The company says it is now looking for 20 to 40 bunker fuel specialists to fill positions in Asia, Europe and the United States.

“We believe we are forging a strong new model in the maritime fuel business," Shenouda said.

"This is a transparent and reliable model that puts the client first to ensure the quality and delivery of their energy needs to their marine vessels.

“We are building upon Mercuria’s skill sets and balance sheet to expand relationships in the physical fuel oil business.

"As a result, we are seeking the very best marine fuel talent to join our vigorous trading environment and provide expertise to those that rely on knowledge of the energy space."

Late last year, Mercuria hired 40 ex-OW Bunker staff to fill two existing offices and three new offices around the world. 

Ship & Bunker News Team
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