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Energy broker Starfuels has appointed eight fuel oil derivative brokers as part of its plan to open a desk in Singapore.

The eight brokers are: Amanda Koh, Calvin Ong, Daniel Ong, Ken Bogeart, Loy Wah Chia, Marlene Lee, May Chan and Sherrie Xiong.

On its website, Starfuels has provided the following address for its Singapore operation, however telephone numbers have not yet been published.

350 Orchard Road
Shaw House
Singapore 238868

Commenting on the Singapore operation, Starfuels managing director and founder Robert Rynevel said in an interview with Reuters: "I didn't just want one guy, I needed a team."

Other Offices

The appointment of eight brokers for the new Singapore operation follows the company's rapid expansion into other regions in recent months.

In September, Starfuels opened an office in New York. Operating as Starfuels Inc. the fuel oil team consists of Ricky Fasano, Stephen Fabrizi and Chris Laico. The crude team comprises Gerard Delissio and Gregory Mason.

In August, Starfuels BV and United Brokers International BV (UBI) of Brielle, Holland, announced the merger of their brokering teams. Following the merger, UBI operates under the name Starfuels BV and is based at Starfuels’ offices in Rotterdam.

In July, Starfuels SA merged with CB Geneva. The merged business now operates under the name Starfuels SA and is based at Starfuels’ offices in Nyon, Switzerland.