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Wed 11 Apr 2012, 16:33 GMT

Shell fuel oil trader to join Chemoil - source


Singapore-based fuel oil trader is reportedly set to join Chemoil later this year.

Shell's fuel oil trader Ranggau Muda is set to join Chemoil in July, according to sources in contact with commodity reporting service Platts.

The news comes only a few weeks after Dominique Laborde, team leader at the fuel oil trading desk of Shell International Eastern Trading Co, Singapore, resigned from his position to serve three months' gardening leave, with industry sources linking him to rival firm Vitol. It is said that Laborde is set to begin his new job at Vitol's Houston office around the middle of the year.

Only last month, Muda was mentioned as one of the changes within Shell's trading team. He returned to the Asia fuel oil desk in Singapore after having spent three years based in London. It now appears that Muda will be jumping ship to join Chemoil after serving his gardening leave.

Other changes mentioned last month included the addition of Austral Chang to the Asia team and Singapore's Jeremy Loy being posted to Rotterdam after having worked at the Asia desk for three years.

Guido Sjibers, who has been at Shell's Singapore office for almost two years, is understood to have been acting as team leader in an acting capacity since Laborde's departure.

Laborde was the second team leader in a year to leave Shell's fuel oil desk to join Vitol. In 2011, his predecessor Jurgen van Herk joined Vitol's Singapore office, where he still works.

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