World News
Sea Oil Petroleum Acquires Norwegian Bunker Trader Pro Fuels
Singapore-based Sea Oil Petroleum has acquired Norwegian trading firm Pro Fuels, kicking off what is expected to be a year of significant consolidation in the bunker industry.
Sea Oil Petroleum is the Singapore subsidiary of Bangkok-based Sea Oil Public Company Limited.
Pro Fuels, established in Norway in 2018, will be renamed Sea Oil Petroleum AS and its employees will remain with the company, Sea Oil said in an emailed statement on Monday.
"Their addition to the team will allow us to reach out to new markets which is an important part of Sea Oil's expansion strategy," Koh Kuan Hua, director of Sea Oil Petroleum, said in the statement.
"I'm sure that with the team's strong business acumen and documented experience, they will succeed in building Sea Oil into an even stronger brand for the future and be the preferred choice for our clients when looking for refuelling on a global scale."
Several senior figures within the bunker industry have said they expect to see consolidation this year, with tougher access to credit favouring the largest firms.
New contact details for the Sea Oil Petroleum AS team are as follows:
Kennet Bollerød, General Manager
Office : +47 90 12 55 00
Mobile: +47 911 44 930
Email : kennet@seaoilpetroleum.com
Kristian Kihle, Business Development Manager
Office : +47 90 12 55 00
Mobile: +47 941 77 867
Email : kristian@seaoilpetroleum.com
Martin Haugen, Operations & Technical Manager
Office : +47 90 12 55 00
Mobile: +47 942 99 750
Email : martin@seaoilpetroleum.com
Anette Kaalstad, Sales Manager
Office : +47 90 12 55 00
Mobile: +47 911 41 511
Email : anette@seaoilpetroleum.com
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 565.50 | 4.50 | 678.50 | 4.50 |
| Rotterdam | 512.00 | 3.50 | 676.00 | 9.00 |
| Houston | 552.00 | 3.00 | 682.00 | 4.00 |
| Fujairah | 555.50 | 7.50 | 753.00 | 1.50 |
| Global 20 Ports Average | 583.50 | 4.00 | 762.50 | 2.50 |
| Global 4 Ports Average | 546.50 | 4.50 | 697.50 | 2.50 |
| Global Average Bunker Price | 632.50 | 2.00 | 811.00 | 1.50 |
Popular Now More
-
Nov 26The new hire previously worked as a bunker trader for IBT Bunkering & Trading in Hamburg. -
Nov 26The company has hired Mike Parrent, formerly marketing manager for Bomin before its acquisition by Minerva Bunkering earlier this year, as its new physical desk manager in Houston. -
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer.