Thu 13 Aug 2015 09:30

Global Risk Management confirms appointment and relocation


Company expands its trading team in Middelfart, Denmark.



A/S Global Risk Management has confirmed the appointment Michael Korsager Nielsen as senior oil derivatives trader at its office in Middelfart, Denmark.

Also, oil risk manager Nicholas Foo has transferred to the Unitrading team in Middelfart from Global Risk Management in Singapore. Unitrading is a separate business unit within Global Risk Management, focusing on optimising paper hedge prices.

Nielsen and Foo will form part of the trading team in Middelfart which is headed by Mads Hemmingsen.

"The two will assist the oil risk managers in Copenhagen, Singapore and Middelfart in their daily work with advising and selling customised fuel trading and risk management solutions. In addition, the team assists our parent company, Bunker Holding, in obtaining optimal paper hedge prices through increased trading flow with clients worldwide," Global Risk Management said.

Nielsen, aged 43, was previously employed as Global Head of Oil and Derivatives Trading at OW Bunker between 2012 and 2014. Prior to this, he worked as a senior foreign exchange (FX) trader at Nykredit Markets between 2008 and 2012, and as an FX trader at SPKS Bank between 2005 and 2008. He has a master's degree in economics from the University of Copenhagen.

Foo, aged 28, joined Global Risk Management in April 2014 and worked for the company's sales team in Singapore before relocating to join the trading team in Middelfart. His new job title is 'Trader'.

Managing Director Hans Erik Christensen remarked: "I am glad to welcome both Michael and Nicholas to the trading team; they bring experience and exceptionally good technical and analytical skills and I am confident that they will contribute to continued solid growth and expansion in our company."

Martin Vorgod, CEO of Global Risk Management. Martin Vorgod elevated to CEO of Global Risk Management  

Vorgod, currently CCO at GRM, will officially step in as CEO on December 1, succeeding Peder Møller.

Dorthe Bendtsen, KPI OceanConnect. Dorthe Bendtsen named interim CEO of KPI OceanConnect  

Officer with background in operations and governance to steer firm through transition as it searches for permanent leadership.

Bunker Holding's executive management team, from left to right: CCO Anders Grønborg,  COO Peder Møller, CEO Keld R. Demant and CFO Michael Krabbe. Bunker Holding revamps commercial department and management team  

CCO departs; commercial activities divided into sales and operations.

Image of a bunker delivery being performed by Peninsula's Hercules 8000 tanker vessel. Peninsula extends UAE coverage into Abu Dhabi and Jebel Ali  

Supplier to provide 'full range of products' after securing bunker licences.

A screenshot taken from Peninsula's homepage on October 4, 2024. Peninsula to receive first of four tankers in Q2 2025  

Methanol-ready vessels form part of bunker supplier's fleet renewal programme.

Stephen Robinson, pictured on his appointment as Head of Bunker Strategy and Procurement at Tankers International. Stephen Robinson heads up bunker desk at Tankers International  

Former Bomin and Cockett MD appointed Head of Bunker Strategy and Procurement.

Chart showing percentage of off-spec and on-spec samples by fuel type, according to VPS. Is your vessel fully protected from the dangers of poor-quality fuel? | Steve Bee, VPS  

Commercial Director highlights issues linked to purchasing fuel and testing quality against old marine fuel standards.

Ships at the Tecon container terminal at the Port of Suape, Brazil. GDE Marine targets Suape LSMGO by year-end  

Expansion plan revealed following '100% incident-free' first month of VLSFO deliveries.

Hercules Tanker Management and Hyundai Mipo Dockyard sign bunker vessel agreement Peninsula CEO seals deal to build LNG bunker vessel  

Agreement signed through shipping company Hercules Tanker Management.

Illustration of Kotug tugboat and the logos of Auramarine and Sanmar Shipyards. Auramarine supply system chosen for landmark methanol-fuelled tugs  

Vessels to enter into service in mid-2025.


↑  Back to Top