Asia/Pacific News
FLEX Commodities Hires Senior Marine Fuels Trader in Singapore
Marine fuel trading firm FLEX Commodities FZCO has appointed senior marine fuels trader in Singapore.
Euwyn Tan has joined as senior trader as of this month, the company said in a LinkedIn post today.
Tan previously worked as bunker trading manager at Propeller Fuels Limited in Singapore from December 2023 to this month.
Before that, Tan was director at the 83 Marketing Co Ltd in Thailand from 2019 to 2023.
He also spent nearly seven years at Raffles Bunkering in Singapore as a bunker trader and purchaser, from 2012 to 2019.
“Based in Singapore, Euwyn will play an important role in strengthening FLEX Commodities’ marine fuels trading capabilities and expanding our presence across the Asian market,” FLEX Commodities said.
FLEX Commodities was launched in September 2024 by Rakesh Sharma, the former chief operating officer of Oilmar.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 913.50 | 2.00 | 1254.00 | 24.50 |
| Rotterdam | 740.50 | 5.00 | 1392.50 | 2.50 |
| Houston | 767.50 | 3.50 | 1384.50 | 21.50 |
| Fujairah | 967.00 | 3.50 | 1606.50 | 117.50 |
| APAC Average | 1002.00 | 2.50 | 1470.50 | 4.50 |
| Global 20 Ports Average | 903.50 | 5.50 | 1525.00 | 8.50 |
| Global 4 Ports Average | 847.00 | 2.00 | 1409.00 | 42.00 |
| Global Average Bunker Price | 954.50 | 4.00 | 1601.00 | 0.00 |
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