World News
Island Oil Hires Bunker Trader in Cyprus
Marine fuels firm Island Oil has hired a new trader in Cyprus.
Alexis Psaras has joined the company's Cyprus trading unit as a bunker and lubricants trader as of the start of this month, it said in an emailed statement on Wednesday.
Psaras was previously an operations executive for Medpool in Cyprus.
"Alex is a diligent and promising trader who shares our values and complements our trading force," Vangelis Marinakis, chief operating officer of Island Oil, said in the statement.
"We firmly believe he will assist us in achieving our goals while at the same time he may fulfil his personal ambitions."
Contact details for Psaras are as follows:
Tel: + 357 25 889 000
Mobile: +357 99 458 349
E-mail: bunkers@island-oil.com
Skype ID: Alexis.P – Island Oil
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 567.50 | 3.50 | 700.00 | 14.50 |
| Rotterdam | 512.50 | 4.00 | 695.00 | 17.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 562.50 | 2.50 | 755.00 | 0.00 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
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