Photo: 59340959 / Bunkering © Cmspic | (for illustration purposes only)

Dubai-based shipbroking company OceanEXL has launched a new trading division which will be focused in the trading of refined oil products, in particular marine fuels and bunkers.

OceanExl new division will be led by Matthias Andreasen, who “brings a wealth of trading experience”, as the company highlights. The trading setup will be focusing on refined oil products with cargoes being traded in Africa, Europe, and the Middle East in particular.

The company notes its strong presence in marine fuels and bunkering market, and the physical setup that is already operational. “Our physical bunker supply in all major UAE ports was launched on the 1st of January 2023 and the first deliveries are already completed”, the shipbroking company said in a statement yesterday. OceanEXL will continue to be active in shipbroking which is the foundation of the company with trading activities to be carried out under OceanEXL Trading.

“I am thrilled to be joining OceanEXL and spearheading the trading activities under the new division,” said Matthias Andreasen, adding that, “we have a strong team in place and are well-positioned to take advantage of the growing shipping activities and demand in the gulf region.”

From his side Jesper Uhre Espensen, Partner at OceanEXL, commented on the launch of the new division “the launch of the trading division is a major step forward for our company, and we believe it will provide us with a new platform for growth and expansion, while we can service our clients even better”.

Parham Zamani, Partner at OceanEXL added “with a focus on long-term projects in niche markets we are truly able to supply markets that have long been overlooked and ignored while we are adding another branch to our supply chain, offering clients a wider range of services starting from buying or chartering the vessels to moving cargo and finally supplying the vessels”

Source: OceanEXL