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Leading bunker supplier and trader OW Bunker has announced the launch of a new ARA (Amsterdam-Rotterdam-Antwerp) trading office in Geneva, Switzerland.

Commenting on the news, OW Bunker said "The new office has been established to give global customers access to a centralised team of experts on the ARA physical and paper market; providing 24-hour information on local market knowledge and issues, as well as offering the Group’s global sales teams specific information on focussed pricing strategies.

"This move also strengthens OW Bunker’s already considerable physical presence in ARA, where it provides customers with all grades of fuel oil, including low sulphur fuel oil from its eight barges in the region," the company added.

The office, which is located in Geneva, one of Europe’s leading trading hubs for the oil and derivatives industries, will be headed by Andrew Huzzard, who has a wealth of experience in the bunker market.

Huzzard will be supported by Marco Kolff, who moves across from OW Bunker’s risk management division to run derivatives trading, and Martin Hugel, who joins from Wrist Hamburg, and will take on the role of ARA Purchaser.

Speaking about the launch of the new office, Andrew Huzzard said: “As the largest bunkering region in Europe with around 20 million tonnes in delivered bunker fuel alone, it is vital that our global customers and sales teams have constant access to the latest information on the ARA market. The new office will streamline and pool all the Group’s knowledge into one centralised team, where we will be able to provide advice and details on all related aspects from trading and physical supply to derivatives and risk management strategies. ”