UK-based independent trading, storage, distribution and retail conglomerate dealing in petroleum products and bio-fuels, The Prax Group, on Friday (4 December) appointed Michael Bourdier as Managing Director for its Middle East & Asia businesses.
The Prax Group is the parent company of Harvest Energy Marine which earlier expanded bunkering operations at Zeebrugge.
Bourdier will be responsible for the group’s strategic development in the Middle East and Asia-Pacific region and will be based in the Singapore office.
With a career spanning 20 years in the commodity sector, the group said Bourdier brings with him vast experience in trading, business development, finance and risk.
Bourdier has in-depth knowledge of the energy markets – including physical and derivative products for oil, gas and LNG, noted the company.
A French citizen, Bourdier has been based in Singapore since 2011. He joins the Prax Group having previously held senior roles at Pavilion Energy, Gunvor, Castleton Commodities, Trafigura and BNP Paribas.
An experienced leader and skilled people manager, Bourdier’s significant global experience and wealth of knowledge in the energy markets will be invaluable as the Prax Group continues its activities in the Middle East and Asia-Pacific marketplaces, and beyond.
“We are delighted to welcome Michael to the Prax Group during what is an exciting milestone year for us,” said Chief Executive Officer, Sanjeev Kumar.
“Our success as a company has been achieved through our entrepreneurial spirit and our reputation for excellence in everything we do, and with his vast industry knowledge and experience, Michael is the ideal high-calibre candidate to head up our Middle East & Asia teams, based in Singapore.
“He will no doubt prove to be a very valuable asset to the Group as we progress towards our vision to be an integrated global oil conglomerate.”
Related: Harvest Energy Marine acquires Total Zeebrugge Depot in bunkering expansion
Photo credit: The Prax Group
Published: 8 December, 2020
Firms collaborate in maritime logistics, bunker supply and wholesale petroleum trading for a free trade port.
Chief Engineer of Maltese-flagged M/V Achilleus made fake entries and key omissions in Oil Record Book.
To support HET´s decision of exiting the bunkering sector, HET said its Managing Directors Jesper Riis and Peter Højer have purchased HET´s shares in NORbunker A/S.
Bunkers sold at the republic totalled 3.87 million mt with significant increase in LS 380 cst sales, according to latest MPA data.
‘In 2020, we plan to increase the share of ultra- and low-sulphur marine fuels in total sales up to 50%,’ says CEO.
‘We are thankful to the authorities of the Port of Fujairah and our partners for their continued trust in us.’
Caroline Yang, President of SSA, addresses issues earlier raised by players; including PMC No. 04, the seven-day restriction, contactless bunkering, sampling point, hose connection, and more.
IBIA Asia, ABIS, sources from Singapore’s bunkering and surveying companies, and an industry veteran share with Manifold Times the issues expected from MPA’s latest Covid-19 measures.
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
