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Supply Chain Management at GPR
By Turnaround Contracting Coordinator in GPR The Netherlands is a highly regulated country where Human Rights infringements are not likely to occur. However, we are always cautious when prequalifying new contractors and vendors, especially from countries other than The Netherlands. For contractors (both domestic and foreign), we always use a prequalification form. We assess the […] Read MoreVolatility
**Volatility** In the context of energy commodities trading, volatility refers to the degree of variation in the price of a commodity over a certain period of time. It is a statistical measure that represents the tendency of the price to rise or fall sharply within a short period. High volatility implies that the price of […] Read MoreInternal Audit
To test our internal functions across the Group, Gunvor established an Internal Audit Department to provide independent and objective assessments of business activities, operations, financial systems, and the internal control environment of Gunvor. The Audit team conducts between 15-20 internal audit engagements each year, covering activities such trading desks, assets, central functions and processes, joint-ventures […] Read More
EMPLOYEE PROFILE: Captain Mani’s first command
As the Category 3 hurricane—with winds up to 115 miles an hour (185 km/h)—bore down on the Motor Tanker Eagle Subaru, Captain Siva Mani Raaj had to make a decision: go out to high seas or go up the Mississippi River to the discharge port at Baton Rouge. The rapidly strengthening storm, which had been […] Read More
EMPLOYEE PROFILE: Mase Tsegay
INGOLSTADT, 2018 When next you visit Bavaria, keep an eye out for a heating oil truck rolling across the landscape emblazoned with Gunvor’s logo. It very likely will be driven by a courageous Eritrean refugee named Masebela Tsegay. Masebela, or Mase as his friends and colleagues call him, is undertaking a 3-year apprenticeship in Gunvor’s […] Read MoreDiversity
As the commodities industry grows and competition ever increases, all companies look for an edge. At Gunvor, we believe this comes from diversity and inclusivity. Many studies have demonstrated that companies with a diverse decision-making base are more successful and use this advantage to spark innovation and create more ways of sustaining a competitive advantage. […] Read More
WHAT’S IN A NAME: Gunvor
One of the most common questions that employees get about our company is in reference to the name Gunvor: Where did it come from? Gunvor is actually a feminine name common in Sweden, Norway and Denmark. It derives from the Old Norse name Gunnvör meaning “cautious in war” (gunnr or “war” is combined with vor […] Read More
DID YOU KNOW? Estonia
Our first office was in Tallinn, Estonia, where we still have a sizeable operation that is home to Gunvor Services AS (recently renamed from AS Tarcona). The office provides a full suite of capabilities for the Group, including logistics, operations, shipping operations, accounting, compliance, and IT functions. More than 15 years ago, Tallinn was a […] Read MoreA Global Business
Use the filter for more information on locations Investments Moving Energy Gunvor moves physical energy from where it is sourced and stored to where it is demanded most. Latest Media Read MorePrivacy Policy
The collection and processing of personal data by Gunvor Group Ltd is in full compliance with the EU General Data Protection Regulations 2016/679 and other applicable privacy laws. Read More
Ross Sabberton, Specialty Ores Trader, Great Britain – 2000 Summer Olympics
Sydney, Australia – Spring Kayaking: K2 (double kayak) 500m and 1000m events I grew up by the coast so I was always going to be a sailor, windsurfer or canoeist. Competing at an Olympic level in kayaking was a series of chance events and a lot of luck. British sport turned a corner in 1998, […] Read More
Thierry Jacot, Global Head of Risk, Switzerland – 1984 Summer Olympics
Los Angeles, United States – Swimming: 200m and 4 x 100m freestyle When I started swimming at 8 years old, it clearly wasn’t planned. It happened naturally. You win a few youngsters’ local competitions, then the Switzerland “French speaking region” championship, then the Swiss championships, then you get more hungry for victory, and so on, […] Read More
Preparing Remediation after Refinery Shutdown
Gunvor ceased refining operations in Antwerp amidst the COVID-19 crisis and, as mentioned in a previous issue of the report, operated the Antwerp site since then as a tank storage location. The site was fully shutdown on 31 December 2022 and is being prepared for its next life. An important element of the preparation is […] Read More
Compliance with Sanctions
Ensuring adherence to sanction requirements is a crucial pillar of the broader compliance culture of Gunvor. As a significant participant in the global commodities markets, Gunvor takes its sanctions obligations responsibly. Modern sanction restrictive measures are varied in scope and applicability, however, commonly designed to support foreign policy and national security objectives of the implementing […] Read More