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Wed 24 Nov 2010, 05:25 GMT

Paul Pappaceno joins Bunkers International


Experienced marine fuel executive will focus on global initiatives and expansion of the company’s bunkering business.

Leading Colombian supplier Bunkers International Corp has announced that Paul Pappaceno, formerly Vice-President of Bunker Trading at Asamar, Inc., is to join the company as Vice-President of Business Development and Strategic Initiatives.

In a statement Bunkers International said that Pappaceno will be responsible for helping to develop the company’s marine fuel business and other interests globally. He has over 23 years of experience in the bunker industry as a trader and bunker executive.

"We are very excited to have an executive of Mr. Pappaceno’s caliber join the firm," said John Canal, CEO of Bunkers International. "He is well-respected throughout the industry, will have a strong positive impact, and will help us continue to expand our footprint domestically and internationally."

"Bunkers International is a well-respected global brand," said Pappaceno. “The company has the resources it needs, a great team, and is well-positioned for growth. I’m excited to be a part of that and I’m looking forward to helping the company succeed.”

Bunkers International has been expanding operations globally since 2000, creating new operations in Colombia, New York, the UK, Singapore, Turkey, Malta, and South Africa.

"The company has significantly increased its trading division, helping drive a six-fold increase in revenue in the past four years. With strong capitalization, a global customer base of thousands of ship operators, and supply operations on both coasts of Colombia, Bunkers International is well positioned to serve the South American market," the company said.

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