Mercuria Expanding Maritime Fuel Business

Independent energy and commodities group Mercuria’s global head of trading discussed the expansion of the group's maritime fuel business, Minerva.

"We believe we are forging a strong new model in the maritime fuel business. This is a transparent and reliable model that puts the client first to ensure the quality and delivery of their energy needs to their marine vessels," said Magid Shenouda, Mercuria’s global head of trading. "We are investing substantial resources into the bunkering business. Minerva is the natural complement to Mercuria's fuel oil trading structure."

Shenouda continued, "We are building upon Mercuria's skill sets and balance sheet to expand relationships in the physical fuel oil business. As a result, we are seeking the very best marine fuel talent to join our vigorous trading environment and provide expertise to those that rely on knowledge of the energy space. We look forward to filling these positions in Asia, Europe and the United States."