Gunvor’s middle-distillates team is an active participant in the diesel, gasoil, and jet markets. As a result of the Group’s global presence, with traders in Singapore, Dubai, Geneva and Houston, the team has a local presence and strong global coverage.
As a result, the desk is able to spot the imbalances of middle-distillate products in the world, moving cargoes from surplus areas, typically the U.S. and East of Suez, to deficit areas, typically throughout Europe, South America and Africa.
The desk’s analysts and quants have developed models to help foresee these dislocations, providing a key strategic asset to help the desk to position its physical flows accordingly.
The strong presence and quality of Gunvor’s shipping team allows the traders to move products on any route with cargo sizes ranking from Flexi (20kt) up to Very Large Crude Carrier (VLCC): A Very Large Crude Carrier, commonly abbreviated as VLCC, is a large-sized tanker specifically designed for the transportation of crude oil. With a tonnage that... Read more (“VLCC”) (250kt). The Group’s customer base and reputation as a trustworthy partner allow Gunvor to have access to suppliers and end-users, either via spot or long-term contracts.
This set-up is complemented by the Group’s access to storage, logistics and distribution in all key areas, namely New York, the ARA region and Singapore, as well as some strategic storage closer to the desk’s end users, like the UK, Spain, and Turkey.
The team is also managing all the middle-distillate international trading around the Group’s Rotterdam refinery activity and, to a smaller extent, the Ingolstadt refinery, working with the planning team to optimise the quality of the output according to the market needs and blending in-house product with outside components to produce finished product, or organising the supply of gasoil **Feedstocks** Feedstocks, in the context of energy commodities, refer to the raw materials that are processed and converted into fuel, energy, or other valuable chemicals through industrial operations. These materials... Read more. This also includes the supply of high **Sulphur (Sulfur)** Sulphur, also spelled sulfur, is a chemical element with the symbol S and atomic number 16. It is a nonmetal and is abundant, multivalent, and nonmetallic. In its... Read more and Kerosene, also known as paraffin or lamp oil, is a flammable hydrocarbon liquid commonly used as a fuel in aircraft jet engines, for household heating, lighting, and in portable stoves.... Read more feedstock to the refinery and the marketing of the diesel products.