World News
Former OceanConnect MD S.I. Shim Retires
Industry veteran S.I. Shim has announced his retirement and left his role at the recently formed KPI OceanConnect effective November 29, 2020.
With over 36 years in the industry, Shim has spent the last 18 years at OceanConnect, initially as its Director for Asia and from 2011 as its Global Managing Director.
OceanConnect, ranked eighth on the Ship & Bunker / SeaCred list of Top 10 Bunker Companies for 2020, has been a pioneer in the digital bunkering space and operates the world's most established online bunker purchase platform, AuctionConnect, that has been serving customers since 2000.
In August OceanConnect was acquired by KPI Bridge Oil, from which time Shim has acted as head of Asia for the newly formed KPI OceanConnect.
“Sang In Shim (S. I.) has been an invaluable partner and colleague in the preparations of the merger and the launch of KPI OceanConnect," Søren Høll, CEO of KPI OceanConnect, commented in an emailed note to Ship & Bunker.
"For me personally, I can humbly say that I have had the privilege in a short time to get to know and work together with one of the most highly respected and most knowledgeable professionals within our industry.
"S. I.’s vision has been crucial in developing OceanConnect Marine into one of the industry’s most well-known and reputable brands.”
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.50 | 2.00 | 778.50 | 8.50 |
| Rotterdam | 602.00 | 0.50 | 748.00 | 6.00 |
| Houston | 624.00 | 5.00 | 792.00 | 3.50 |
| Fujairah | 649.50 | 2.00 | 898.00 | 3.00 |
| Global 20 Ports Average | 662.00 | 2.00 | 855.00 | 1.50 |
| Global 4 Ports Average | 631.00 | 1.00 | 804.00 | 0.50 |
| Global Average Bunker Price | 717.50 | 0.50 | 913.50 | 1.00 |
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