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Our History

Our History

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

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.

Gunvor acquired an oil refinery based in Rotterdam, The Netherlands that complements the company’s existing refineries. Gunvor is now responsible for almost 1,000 refining jobs in Europe and approximately 300,000 b/d of installed refining capacity.

2016

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.

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.

2012

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.

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

2009

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.

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, coal, iron ore and speciality ores.

2007

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.

2016

Gunvor acquired an oil refinery based in Rotterdam, The Netherlands that complements the company’s existing refineries. Gunvor is now responsible for almost 1,000 refining jobs in Europe and approximately 300,000 b/d of installed refining capacity.

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 coal, 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, coal, iron ore and speciality ores.