Fri 22 Nov 2024 11:13 | Updated: Fri 22 Nov 2024 11:13

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.


Martin Vorgod, CEO of Global Risk Management.
With a robust background in sales and commodity trading, Martin Vorgod is tasked with leading GRM into its next phase of growth. Image: Bunker Holding

Effective December 1, Martin Vorgod is due to take the helm as Chief Executive Officer (CEO) of fuel hedging firm Global Risk Management (GRM). Currently serving as the Chief Commercial Officer (CCO), Vorgod has been instrumental in driving the company's focus on enhancing its operations and fostering closer ties with maritime clients whilst embracing the green transition through innovative solutions in energy and emission certificates.

Vorgod’s leadership journey is backed by a wealth of experience in sales and commodity trading, particularly during his time as Global Head of FX Sales at Danske Bank. There, he played a pivotal role in the bank's commodity trading strategies and was noted for revitalising its foreign exchange trading operations while based in New York. His efforts reportedly contributed to establishing a strong corporate culture within the bank, further solidifying his reputation as a strategic and effective leader.

As CCO at GRM, Vorgod is said to have achieved commendable results, successfully securing new clients and strengthening existing partnerships. This track record positions him well for his upcoming role as CEO, where he aims to build on his extensive familiarity with the company and its operations. He will succeed Peder Møller, who is set to transition into the role of Chief Operating Officer (COO) at Bunker Holding Group.

With his appointment, Vorgod is tasked with steeting GRM towards future growth, focusing on innovative approaches and expanding its market presence in an increasingly competitive landscape.



Legend of the Seas main engine startup. Meyer Turku starts first main engine on Legend of the Seas cruise ship  

Finnish shipbuilder fires up Wärtsilä engine ahead of 2025 Royal Caribbean delivery.

Malik Energy Leadership Development Programme group photo. Malik Energy launches internal leadership development programme  

Marine fuel supplier rolls out training initiative for managers across its supply and energy divisions.

Tom Wolodarsky, Lloyd’s Register and Hermen de Jong, Rondal. Rondal's Aero Wing Sail receives Lloyd's Register approval in principle  

Classification society grants AiP for rigid wing-sail concept designed for large yacht applications.

Stena Futura Naming Ceremony. Stena Line names methanol-ready hybrid ferry at Belfast ceremony  

Ferry operator marks 30 years in Belfast with £100m investment in freight vessels.

Vessels berthed at Fujairah storage terminal. Fujairah oil terminals add MLA securing requirement in latest revision  

Port updates pre-arrival documentation to address marine loading arm vibration during operations.

Singapore skyline with Merlion and central business district. Singapore awards three methanol bunkering licences from 2026  

Maritime and Port Authority selects suppliers from 13 applicants for five-year licensing period.

Graphic announcing sectoral action on black carbon. Clean Arctic Alliance calls for Arctic states to submit polar fuels proposal by December 5 deadline  

Environmental group urges IMO member states to act on black carbon emissions following COP30 announcement.

$35M Retrofit Fund Illustration. GCMD closes world's first pay-as-you-save vessel retrofit fund at $35 million  

Fund links repayments to verified fuel savings, offering unsecured leases to overcome financing barriers.

Benny Hilström, WinGD. Where next for LNG fuel after IMO carbon pricing pause?  

WinGD’s Benny Hilström examines what lies ahead for LNG as a marine fuel.

Aasvaer Vessel. Wärtsilä secures sixth hybrid propulsion order from Aasen Shipping for bulk carrier series  

Norwegian shipowner orders integrated system for 9,500 DWT vessel under construction at Royal Bodewes.