Thu 15 Jul 2010, 09:59 GMT

BP replaces fuel oil, marine fuels staff


Oil major replaces key staff on its fuel oil and marine fuels teams in Singapore.



BP has replaced key staff on its fuel oil and marine fuels teams based in Singapore.

The news follows a wave of resignations in recent weeks, which included former BP global fuel oil head Quek Chin Thean and ex-Asia team leader Edmund Lau. Other members of the trading team and support staff also left the oil major and are understood to be joining Brightoil Petroleum.

BP has appointed Marcus Cooper as new global fuel oil trading head. He was previously employed as the oil major's director of crude trading and was also in charge of BP's global gasoline trading operations in the United States.

The new head of BP's regional fuel oil desk is experienced trader Stephen Ng and the new leader of the Asia marine fuels division is Carlos Torres.

In addition to the three key appointments, BP has also moved two junior staff into the Asia fuel oil desk as traders, according to market sources.

BP is also understood to be looking to fill some of the remaining vacancies, particularly for its marine fuels section, which could include external appointments.

BP has been the leading supplier in Singapore for the past seven years. Bunker sales in Singapore - the world's leading bunker port - reached a new record of 36.5 million tonnes in 2009 and are on course to break through the 40 million tonne barrier this year following sales of 20 million tonnes during the first six months of 2010.

The oil major is estimated to have a market share of approximately 10 percent of marine fuel sales in the city-state. It has also been a key player in the fuel oil cargo trading market for more than a decade.


E-fuels volumes per country. Europe risks falling behind China in race to produce e-fuels for shipping  

Europe has 69 e-fuel projects but only six are operational, while China is scaling rapidly.

Hiring concept with highlighted candidate. Sing Fuels opens applications for junior bunker trader role  

Singapore-based firm seeks candidates with one to two years of experience in marine fuels or the wider maritime industry.

Eleven Energy logo. Eleven Energy eyes Athens expansion with trader hire  

Riyadh-headquartered firm looking to open its second office in Europe.

Scorpio team with representatives from Monaco's Department of Economic Development. Monaco backs Scorpio Ship Management in European hydrogen propulsion project  

Government co-finances Scorpio’s role in Project Mariner as Europe pushes to develop hydrogen propulsion technology for commercial shipping.

Arlon vessel. Exmar takes delivery of second dual-fuel ammonia carrier at HD Hyundai Heavy Industries  

Arlon is second in a planned series of four ammonia dual-fuel midsize gas carriers.

Singapore Marina Bay skyline. IBT Bunkering & Trading launches Singapore desk to complement Hamburg operation  

German bunker firm says the move gives it round-the-clock coverage across two continents.

Maritime and Port Authority of Singapore logo. Singapore awards eight new LNG bunkering licences ahead of September launch  

The Maritime and Port Authority of Singapore is expanding the city-state’s LNG bunkering capacity with eight new five-year licences.

Launching ceremony of Maran Melina. New Times Shipbuilding launches two LNG dual-fuel crude oil tankers for Maran and Capital Ship  

Two 155,500-dwt LNG dual-fuel tankers floated out for Greek shipping groups.

Lem Azalea and Lem Plumeria naming ceremony. Naming ceremony held for Huangpu Wenchong's first methanol dual-fuel bulkers  

Two 65,000-tonne vessels built for Limassol-based Lemissoler Navigation.

TSS Challenger vessel. Damen launches second CSOV 9020 for TSSM, prepared for future methanol operation  

The vessel, to be named TSS Challenger, is due for delivery in early 2027.