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Our History

Our History

Gunvor has evolved strategically to become one of the world’s leading independent commodities trading houses.

Established new investment vehicle Nyera to target sustainable investments, and announced commitments in the areas of environment, social, and governance (ESG), targeting a 40% reduction in the company’s Scope 1 and 2 emissions by 2025.

2021

2019

Opened new offices in London and Berlin to support natural gas trading. Acquired two biofuel plants in Spain to complement the company’s growing physical trading in the sector, as well as the company’s expansion into energy transition technologies.

Gunvor commenced holding stakes in products tankers through JVs with leading global vessel owning partners. As of 2020, the company holds investments in and long-term charters for more than 100 vessels.

2018

2017

Gunvor opened trading offices in Houston and Stamford, and a rep office in Calgary, realizing the company’s strategy to fully enter the North American market.

Beginning in 2014 and through 2015, Gunvor undertook a strategic realignment of its industrial asset portfolio by divesting the majority of its Russia-based assets to reinvest elsewhere throughout the world to better reflect the company’s global trading activities.

2015

2012

Furthering the company’s investment in physical assets that complement its trading portfolio, Gunvor made the 100 percent acquisition of two oil refineries, one in Antwerp, Belgium and another in Ingolstadt, Germany.

Gunvor opened a trading office in Dubai, UAE. It plays an integral role in the company’s ongoing, and expanding, operations in the Middle East. The company also continued to develop its Asia-Pacific business, along with new operations in North and South America.

2011

2009

As Gunvor has grown, the company has continued to expand the products it trades. Adding trading desks for natural gas, biofuels and carbon emissions was a natural fit to Gunvor’s existing oil and refined products portfolio and logistics expertise.

Over the decade, Gunvor has evolved from its pure merchant heritage to being increasingly embedded all along the energy supply chain. In 2008, the company made its first investment in the development of physical industrial infrastructure: the Ust-Luga Oil products terminal.

2008

2007

To expand the company’s trading on a geographic basis, Gunvor opened an office in Singapore, which today is the company’s fastest growing office. From Singapore, the company trades crude oil, oil products, iron ore and speciality ores.

2021

Established new investment vehicle Nyera to target sustainable investments, and announced commitments in the areas of environment, social, and governance (ESG), targeting a 40% reduction in the company’s Scope 1 and 2 emissions by 2025.

2019

Opened new offices in London and Berlin to support natural gas trading. Acquired two biofuel plants in Spain to complement the company’s growing physical trading in the sector, as well as the company’s expansion into energy transition technologies.

2018

Gunvor commenced holding stakes in products tankers through JVs with leading global vessel owning partners. As of 2020, the company holds investments in and long-term charters for more than 100 vessels.

2017

Gunvor opened trading offices in Houston and Stamford, and a rep office in Calgary, realizing the company’s strategy to fully enter the North American market.

2015

Beginning in 2014 and through 2015, Gunvor undertook a strategic realignment of its industrial asset portfolio by divesting the majority of its Russia-based assets to reinvest elsewhere throughout the world to better reflect the company’s global trading activities.

2012

Furthering the company’s investment in physical assets that complement its trading portfolio, Gunvor made the 100 percent acquisition of two oil refineries, one in Antwerp, Belgium and another in Ingolstadt, Germany.

2011

Gunvor opened a trading office in Dubai, UAE. It plays an integral role in the company’s ongoing, and expanding, operations in the Middle East. The company also continued to develop its Asia-Pacific business, along with new operations in North and South America.

2009

As Gunvor has grown, the company has continued to expand the products it trades. Adding trading desks for natural gas, biofuels and carbon emissions was a natural fit to Gunvor’s existing oil and refined products portfolio and logistics expertise.

2008

Over the decade, Gunvor has evolved from its pure merchant heritage to being increasingly embedded all along the energy supply chain. In 2008, the company made its first investment in the development of physical industrial infrastructure: the Ust-Luga Oil products terminal.

2007

To expand the company’s trading on a geographic basis, Gunvor opened an office in Singapore, which today is the company’s fastest growing office. From Singapore, the company trades crude oil, oil products, iron ore and speciality ores.