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

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 credit: 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.



Flag of Brazil. Petrobras resumes bunkering operations at Rio Grande Terminal after power restoration  

Brazilian supplier restarts marine fuel supply after completing an inspection following an electricity outage.

Stena E-Flexer vessel render. Stena RoRo orders battery-ready E-Flexer 2.0 ferries from Chinese yard  

Vessels include diesel engines capable of running on biodiesel and are methanol-ready.

BW Gemini vessel. Nord Gas Solutions to supply cargo and fuel systems for eight BW LPG VLGCs  

Gas-handling systems specialist awarded contract for new 90,000-cbm vessels.

Kingston Trader vessel. TFG Marine fits mass flow meter to Jamaica-bound bunker barge  

Kingston Trader becomes the first Caribbean bunkering vessel with mass flow metering as TFG Marine’s fleet coverage nears 90%.

Sebastian Vasquez and Camilo Angulo Ferrand, Monjasa. Monjasa announces full-chain marine fuel operations in Cartagena  

Monjasa says it now covers the entire marine fuel supply chain in Colombia, from oil wells to ship-side deliveries.

Steel-cutting ceremony for vessel with builder's hull no. H619. Ceremonies held for Van Oord’s methanol-hybrid rock installation vessels  

Two ships advance through parallel construction at China’s CIMC Raffles shipyard.

WK NatPower and AREL MoU signing. Wah Kwong NatPower signs MoU to explore Hong Kong marine electrification  

Venture will examine shore power, vessel charging and electric vessel deployment around Aberdeen’s waterfront.

Vard 4 39 design render. Dong Fang Offshore orders CSOV with battery-hybrid propulsion  

Vard secures fifth newbuild contract from Taiwanese firm, with delivery scheduled for 2028.

Rock Star vessel. CSL and OWL launch first subsea rock installation vessel for offshore wind  

MV Rock Star can run on MGO and methanol and is designed to support scour protection and cable burial for offshore wind projects.

François Michel and Andy McKeran. Lloyd’s Register study backs 200,000-cbm LNG carriers for fleet renewal  

Analysis finds larger LNG carriers could cut transport costs while retaining access to most major terminals.