Asia/Pacific News
FLEX Commodities Opens New Office in Seoul
Marine fuel trading firm FLEX Commodities FZCO has opened a new office in Seoul, South Korea.
The South Korean entity is authorised to trade crude oil, petroleum products and petrochemicals, along with marine fuel brokerage and agency services, it said in a LinkedIn post on Monday.
The company also made two appointments.
Alan Yang has been appointed as country manager for South Korea.
“Alan brings over 15 years of expertise spanning marine engineering, liquid surveying, and trading.
"Most recently Head of Korea Business Development at Oilmar DMCC, he has primarily held trader roles at Chimbusco Pan Nation Petro-Chemical Co,” Flex Commodities said.
Yujin Kang has also been appointed as a bunker trader.
"Yujin brings over a decade of bunker industry experience, including her most recent role as Bunker Trader at Oilmar DMCC and five years as Bunker Trading Operator at Hanwa (Korea) Co" the firm said.
FLEX Commodities was launched in 2024 by Rakesh Sharma, the former chief operating officer of Oilmar.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 963.00 | 26.00 | 1351.50 | 10.50 |
| Rotterdam | 766.00 | 3.00 | 1446.00 | 11.50 |
| Houston | 817.00 | 11.50 | 1421.00 | 1.00 |
| Fujairah | 981.00 | 12.00 | 1768.50 | 17.50 |
| APAC Average | 1029.50 | 32.00 | 1478.50 | 13.50 |
| Global 20 Ports Average | 929.50 | 10.50 | 1565.00 | 13.00 |
| Global 4 Ports Average | 882.00 | 13.50 | 1496.50 | 9.50 |
| Global Average Bunker Price | 978.50 | 20.00 | 1616.50 | 18.50 |
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