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Employee Profile – Ludovic Pallier

Meet Ludovic Pallier, a Gunvor employee for 15 years. He talks about his career and experiences, and tries (unsuccessfully!) to see himself in 5 years’ time. Hi Ludovic, you joined Gunvor in 2008 – what was the company like back then? At the time the company was pretty small – the Geneva workspace had only […] Read More

Gunvor secures US $1.885 billion sustainability-linked, multi-currency revolving credit facility

GENEVA (21 November 2023) – Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a US $1.885 billion sustainability-linked, multi-currency revolving credit facility (“RCF” or “Facility”) in favour of Gunvor International B.V. and Gunvor SA. The Facility received strong support from Gunvor’s banking partners and attracted new banks, increasing the total amount of the facility […]

Graduate Program

Gunvor Group, a leading global physical energy commodities trader, hosts a Global Graduate Program for university students who aim to be a part of the future of the international commodities trading industry.  Ours is a fast-paced, ever-evolving profession that plays a critical role in supporting the Energy Transition as the world reconciles affordable energy and […] Read More

ChatGPT Glossary

The glossary on Gunvor’s website is driven by artificial intelligence (AI) and serves as an experiment for testing and introducing new ideas and technologies into our work. We understand that for general audiences commodities trading can be at time difficult to understand—often because of its sometimes esoteric and unusual terminology, which is drawn from finance, […] Read More

Gunvor Group and Solvang form JV to own and operate 5 next generation Panamax VLGCs

5 October 2023 Newbuildings will be carbon capture ready GENEVA (5 October 2023) – Gunvor Group Ltd (“Gunvor”) and Solvang ASA (“Solvang”) have formed a Joint Venture (“JV”) to own and operate next generation eco-vessels for the Liquefied Petroleum Gas (LPG) market. The JV has placed an order for five VLGC newbuilds from Hyundai Heavy […]

Waste residues

Waste residues, also known as residual waste or residual materials, refer to the byproducts or leftovers that remain after the completion of a process or activity. In the energy commodities trading sector, waste residues commonly refer to the residual materials generated from energy production, industrial processes, or waste management activities. These residues typically include solid, […] Read More

Viscosity graded bitumen

Viscosity graded bitumen, also known as paving-grade bitumen, refers to a specific type of bitumen used in the construction and maintenance of road infrastructure. Bitumen itself is a thick, black, sticky, and highly viscous liquid or semi-solid that is a byproduct of crude oil processing. It is primarily used as a binding agent in asphalt […] Read More

Vacuum Gas Oil

Vacuum Gas Oil (VGO) is a type of intermediate feedstock derived from crude oil through the fractional distillation process. It is an important component in the production of gasoline, diesel, and jet fuel. VGO is one of the heaviest components obtained during the refining of crude oil, falling between the lighter products like naphtha and […] Read More

Very Large Crude Carrier

Very Large Crude Carrier (VLCC) is a type of oil tanker specifically designed to transport huge amounts of crude oil across the world’s oceans. These vessels are among the largest ships in the world and are predominantly used for long-haul journeys. A VLCC typically has a weight-carrying capacity of around 200,000 to 320,000 deadweight tons […] Read More

Vessel berthing

Vessel berthing refers to the process of a ship docking or mooring at a designated location within a port or harbor. It involves safely maneuvering and securing the vessel to a berth or wharf, allowing it to load or discharge cargo, or facilitating other operations such as crew changes, refueling, or repairs. During vessel berthing, […] Read More


Definition: Upstream refers to the initial stages of the oil and gas production process, which involve exploration, drilling, and extraction of hydrocarbons from natural reserves. It is a term commonly used in the energy commodities trading sector to describe activities related to the sourcing and producing of crude oil and natural gas. Upstream activities encompass […] Read More


Transesterification is a chemical reaction process that involves the conversion of one ester compound into another through the exchange of an alkyl group. This reaction typically occurs when an alcohol reacts with an ester in the presence of a catalyst, resulting in the formation of a different ester compound and an alcohol as byproducts. This […] Read More

Time-charter vessels

Time-charter vessels refer to a common practice in the shipping industry, where a vessel is chartered or leased for a specified period by the charterer. In this arrangement, the vessel’s owner retains ownership and control of the vessel, but the charterer has the right to use it for the agreed-upon period. The time charter period […] Read More

Tanker vessels

Tanker vessels, also referred to as tankers, are large ships specifically designed to transport liquefied commodities such as oil, petroleum, and natural gas. These vessels are constructed to safely and efficiently carry massive quantities of liquid cargo across the world’s oceans. Tankers are vital in facilitating global trade, allowing the shipment of energy resources from […] Read More


Description: Synergies, in the context of energy commodities trading, refer to the benefits and efficiencies that arise when two or more entities collaborate or combine their resources, capabilities, or operations. It occurs when the combined result of such collaboration is greater than the sum of the individual parts. The concept of synergies is prevalent in […] Read More

Syndicated trade finance facilities

Syndicated trade finance facilities refer to financial arrangements or credit lines that are provided to support international trade transactions. These facilities are commonly utilized by exporters, importers, and other parties involved in cross-border trade to secure working capital and manage the financial risks associated with international commerce. In a syndicated trade finance facility, a group […] Read More


Sulphur, also spelled as sulfur, is a chemical element widely used in various industries, including energy commodities trading. Classified as a nonmetal, sulphur is found naturally in the Earth’s crust and can be extracted from its abundant mineral deposits. It is often recognized for its distinctive yellow color and strong odor, resembling that of rotten […] Read More