World News
Uni-Fuels Hires Bunker Trader in Cyprus
Thursday May 22, 2025
Singapore-based bunker trading firm Uni-Fuels has hired a new marine fuels trader in Cyprus.
Paris Gkitnos has joined Uni-Fuels as a marine fuels trader based in Limassol as of this month, he said in an update to his LinkedIn profile.
Gkitnos was previously a bunker supplier for Global Bunkering.
Singapore-based Uni-Fuels was founded in 2021 as a global marine fuel trading firm. The company has sold a total of more than 450,000 mt of bunker fuel to more than 600 vessels, according to its website.
The firm's shares have been Nasdaq-listed in the US since early this year, making it one of very few bunker companies to be publicly traded.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 529.50 | 8.00 | 620.00 | 1.00 |
| Rotterdam | 480.50 | 4.00 | 624.00 | 2.00 |
| Houston | 470.50 | 0.50 | 627.00 | 1.50 |
| Fujairah | 515.00 | 1.50 | 716.00 | 0.50 |
| Global 20 Ports Average | 540.00 | 1.50 | 714.00 | 0.50 |
| Global 4 Ports Average | 499.00 | 3.50 | 647.00 | 0.50 |
| Global Average Bunker Price | 573.00 | 2.00 | 761.00 | 2.50 |
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