Rotterdam-based global energy and commodities trading and distribution firm Vitol has appointed Ian Taylor has Chairman and Russell Hardy as Group CEO of the Vitol Group.
“Russell has 30 years’ experience in the oil industry. He joined Vitol in 1993 from BP and has held a number of trading and management roles in Singapore and London.,” says Vitol.
“He has been a member of the Executive Committee since 2007 and most recently was CEO EMEA with oversight of the company’s regional trading activity. Russell holds a Meng in Chemical Engineering from Imperial College, London.”
Vitol in January bought over the global oil business of Singapore-listed commodities trading firm Noble Group Limited for $400 million.
The company is expecting the 2020 sulphur cap to introduce issues for the global shipping sector.
Dubai-based Cockett Group, a 50:50 interest between Grindrod Limited and Vitol, has announced 19 new hires at various offices in the Americas, Europe, the Middle East and Asia in February.
Related: Singapore-listed Noble sells oil trading desk
Related: Vitol: Market changes for fuel oil expected coming 2020
Related: Cockett Group boosts global oil team by nineteen
Published: 19 March, 2018
Company asserts that mitigating risks for members, embracing technological innovations, and maintaining transparency are key to its bunker alliance’s relevance.
Warlito Tan, Jr. was charged with violating the Act to Prevent Pollution from Ships, violating the Ports and Waterways Safety Act, obstruction of justice, and obstructing a Coast Guard Investigation.
‘We will continue to innovate and uphold our reputation as one of the best bunker craft operators here in Singapore, the world’s largest maritime refueling hub,’ says Head of Vitol Asia.
GRM was previously part of Bunker Holding Group and is now established on equal terms as Bunker Holding and USTC’s other companies.
‘Over the past eight months, we have experienced the most dramatic turnaround in our financial position,’ says Mr SS Teo, Executive Chairman, PIL.
MPA updated its list of top bunker suppliers by volume in 2019; the republic ended 2019 with 45 accredited bunker suppliers, lower than 51 in 2018.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.
Headway will launch a new fuel supply system suitable for alternative bunker fuels such as hydrogen and ammonia; to focus on procurement and construction of carbon capture systems in 2023 following R&D.
Competition for FAME from aviation and road transportation sectors have resulted in some shipowners resorting to adopt more readily available CNSL blends as biofuel for vessels, explains Steve Bee.
