Trafigura Names Richard Holtum CEO
Richard Holtum will take over as chief executive of global trading house Trafigura from Jan. 1 next year, the company said on Tuesday.Holtum will take over the helm at a time when trading firms are set to see reduced profits following windfall years after the COVID-19 pandemic, while sharp equity growth in recent years will also mean hefty expenses in paying out departing shareholders.Holtum becomes the group's third ever CEO after around 10 years at the company. He joined Trafigura in 2014 on the firm's Liquefied Natural Gas (LNG) team, rising to global head of gas and power in 2022 and
e1 Marine Names Klarup Commercial Director
; targets.”Klarup said, “Previous energy revolutions, as we’ve moved from rowing to sails to steam and to diesel, have taken centuries and decades to effect. However, we don’t have the option of waiting that long now. In the last few months businesses as diverse as Trafigura, Torvald Klaveness and the Port of Rotterdam have recognized that our maritime future will be hydrogen-powered – and it’s time for the rest of shipping to get on board.“The cleanest, most realistic fuels for the future of shipping are hydrogen-based, and e1 Marine’s hydrogen
Over 300 Companies Sign 'Neptune Declaration' to Ease Crew Change Crisis
at breaking point and many have been at sea for longer than an 11-month limit laid out in a maritime labor convention.The companies, which include shipping groups such as A.P. Moller Maersk, miners Anglo American and Rio Tinto, oil majors BP and Royal Dutch Shell as well as trading companies Cargill, Trafigura and Vitol, will boost information sharing as signatories of the “Neptune Declaration” initiative.“All of us have a duty of care to seafarers,” said Kit Kernon, global head of shipping at Vitol.“Their wellbeing is essential to safe and efficient operations.”Signatories
New TFG Marine CEO to Leave in September
The new chief executive of Trafigura's marine fuels joint venture TFG Marine will leave the business at the end of September, the company said on Monday without disclosing the reason for his departure.Anders Gronborg was appointed CEO in April after ending a 27-year career at World Fuel Services in 2018.The company and Gronborg have agreed to part in a "mutually agreed exit", a company spokeswoman said in an emailed statement, adding that his last day will be Sept. 30."The Board at TFG Marine wish to thank Anders for his work in the short time in charge and wish him nothing but
Trafigura Hires ex-Noble Crude Oil Trader
Trading house Trafigura has hired Dan Stirk, formerly a North Sea crude oil trader at commodity trader Noble Group, to join its crude desk, according to trading sources. Stirk started his new job this week, one of the sources said. He served as North Sea trader at Noble starting in July 2016, according to his LinkedIn page. The move comes after Chinese trader Unipec hired three former Noble employees to join its middle distillates desk in London. Reporting by Ahmad Ghaddar
Seaspan Appoints Bing Chen As Chief Executive Officer
." Over his twenty five year career Chen has held executive positions in China, Europe and the United States. Most recently, Chen served as CEO of BNP Paribas (China) Ltd. where he led the bank’s growth strategy in China. From 2011 to 2014, Chen was the General Manager for Trafigura’s Chinese business operations, where he maintained full P&L responsibility for domestic and international commodities trading in the country. Between 2009 and 2011 Chen was responsible for building the greater China investment banking practice of Houlihan Lokey, Inc. as
