Endofa says it will have a physical presence in Panama.
Endofa today has announced its expansion in Central America, and says it will have a physical presence in Panama, the supplier and trader has told Ship & Bunker.
The firm has also hired Christoffer Pedersen, who previously worked for OW Bunker, saying he was "instrumental in building their Panama and central American portfolio of business."
"Our steady expansion in this region is well in-line with our overall strategy. We see both the location and Christoffer adding immediate value to the brand as a whole, ensuring better pricing and service to our clients and partners" said Kenn Soendergaard, partner of Endofa.
"Christoffer will not only service Endofa's growing client base in the entire region, but will also look for opportunities to build closer ties with local players."
Pedersen commented: "I'm happy to be given the opportunity to further expand the Endofa brand in an area that is very dear to me. I'm in no doubt that with the tremendous backing of the entire Endofa team we will have something to offer to the market."
Pedersen is the second new hire for Endofa in recent weeks.
Last month Endofa announced it had hired Peter Grunwaldt to head its commercial Trading department.