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.



Valiant Lady connected to the shore power system. Portsmouth International Port makes first commercial shore power connection with cruise ship  

Virgin Voyages’ Valiant Lady plugs into Portsmouth International Port’s shore power system, with two ships connected simultaneously.

Philippos Ioulianou, EmissionLink. EmissionLink calls for fairer EU ETS expansion and greater reinvestment in maritime decarbonisation  

Emissions compliance specialist warns that broader coverage alone will not deliver practical decarbonisation.

Peninsula and Evos logo. Peninsula and Evos sign MoU to develop biofuel storage at Algeciras terminal  

Partnership aims to develop up to 60,000 cbm of dedicated biofuel storage capacity at the Strait of Gibraltar.

Bow Tanaka vessel. Odfjell names chemical tanker with wind-assisted propulsion at Japanese yard  

40,000-dwt stainless-steel supersegregator is claimed to improve energy efficiency by up to 50%.

Hong Kong skyline. Towngas calls for Hong Kong 'Energy Office' and green certification hub in five-year plan proposals  

Hong Kong’s gas utility submits eight-point plan to shape the city’s energy future to 2030.

Malik Supply logo. Malik Supply seeks bunker trader for Dubai office expansion  

Danish firm looking for experienced professionals with a minimum of two years in bunker trading.

Greenergy River vessel. NYK joint venture names first China-built dual-fuel LNG carrier in six-vessel CNOOC series  

174,000-cbm vessel uses both fuel oil and boil-off gas as fuel.

Steve Esau, Sea-LNG. Anew Climate joins SEA-LNG coalition to advance bio-LNG adoption in the maritime sector  

North American low-carbon fuels company brings liquefied biomethane supply to the coalition.

Na Hiro E Pae vessel. Wind propulsion breaks new ground on French Polynesian multipurpose vessel  

Bound4blue installs its eSAIL on what is believed to be the world’s first multipurpose vessel fitted with wind propulsion.

Levante LNG vessel. Peninsula outlines case for bio-LNG as near-term emissions pathway for LNG-fuelled vessels  

Company says bio-LNG offers operators a practical route to emissions cuts using existing infrastructure.