BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News



Dennis Ho joins Peninsula Petroleum as Supply Manager

Former Aegean GM has worked in various trading and managerial positions since joining the industry in 2000.



Peninsula Petroleum logo, IP Week Party 2014. Image credit: Peninsula Petroleum


Updated on 26 Feb 2018 10:46 GMT

Peninsula Petroleum has appointed Dennis Ho as its new Supply Manager in Singapore, according to Ho's updated LinkedIn profile.

Prior to the career change, Ho served as General Manager at Aegean Bunkering (Singapore) Pte Ltd between 2011 and 2017.

Ho has been involved in the marine fuel industry since the year 2000, during which time he has also been employed as Trading Manager at Seven Seas Oil Trading, Derivatives Manager at Koch Refining International, Manager at World Fuel Services, and Lead Bunker Trader at Oil Shipping Singapore.

Aegean - Singapore's 20th-biggest supplier by volume in 2017 - announced in November that it would be ceasing its bunker supply operation in Singapore from January after almost 11 years as a physical player at the city-state, but that it would still maintain a trading presence there.

Explaining the reason for the exit at the time, president Jonathan McIlroy said: "The bunkering market in general, and the Singapore market in particular, are extremely competitive. We had hoped that enforcement of mandatory mass flow meter (MFM)-equipped bunker barging in January would have driven commercial improvement in the Singapore market, allowing Aegean to compete profitably. However, 2017 has seen heightened commercial pressures in Singapore, and as a result, management has determined that Aegean's resources can be more profitably deployed elsewhere."

"We will continue to employ a team of traders and support staff who will actively support our valuable clients in this market," McIlroy added.

According to Ho's LinkedIn profile, he left Aegean in October and began working for Peninsula in February.

Peninsula launched its Singapore bunker operation in 2006. The company's office is located at Suntec Tower Two.

Peninsula lists Singapore as one of its physical supply locations. At the time of writing, the company is not included in the Maritime and Port Authority of Singapore's (MPA) list of licensed bunker suppliers.

Towards the end of last year, Peninsula upped its global working capital facilities to $400 million, which included a new syndicated facility led by HSBC Singapore that created $50 million of new liquidity and delivered an overall enhanced diversified financing package for the group of $150 million in Asia.






Related Links:

Peninsula ups global working capital facilities to $400m
Peninsula signs storage agreement in Houston with HOFTI
Peninsula Petroleum to launch bunker supply operation in LA/Long Beach
Aegean to cease physical bunker supply operation in Singapore
Peninsula Petroleum Far East Pte. Ltd.
Singapore
Singapore

Latest News:

Risk minimisation in uncertain times | Geos Group
Bunker Energy takes over Maxcom Bunker's commercial activities
World Fuel Services to launch Pacific Northwest supply operation
Oil and fuel oil hedging market update
Brent remains in the $60s this morning
Oil and fuel oil hedging market update
$60s are hard to hold
Silverstream hails air lubrication uptake ahead of 2020
Oil and fuel oil hedging market update
OPEC, non-OPEC oil producers agree to cut 1.2m bbl/d
Aegean secures final approval for initial set of motions
MoU signed to test fuel gas and bunkering systems in Busan




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events