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Gunvor Group Results 2022

Following a year in which the global economy began its recovery from the Covid-19 pandemic, 2022 commenced with commodities markets in tight supply and inflation rising throughout the world. With the invasion of Ukraine by Russia at the end of February, commodities prices spiked to new levels in response to unprecedented market uncertainty and a series of economic sanctions put in place by Western governments. Read More

Gunvor Group Brochure 2024 Chinese

Chinese version of the Gunvor Group Brochure. Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy, metals and bulk materials from where they are sourced and stored to where they are demanded most. With strategic investments in industrial infrastructure—refineries, pipelines, […]

Sustainability, Ethics & Compliance Report : 11th Edition

Gunvor Group’s 11th Sustainability, Ethics & Compliance Report, the company’s annual compilation and analysis of developments related to Gunvor’s corporate activities throughout the world. The document covers aspects of how Gunvor manages health, safety, the environment, human rights and community relations, among other areas including transparency, business compliance, and ethics.

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Code of Conduct & Ethics 2024

The Code of Conduct & Ethics exists to provide clarity with respect to the expectations Gunvor has of its employees and contractors and of what they can expect of Gunvor. We are a unique company in our industry, and therefore have a distinct style—one that enables us to be dynamic and creative, which are hallmarks […]

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Sustainability Commitments 2021

Gunvor Group, one of the world’s largest physical energy commodities traders, has 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. The commitments come as a part of Gunvor’s Sustainability Commitments 2021 document, which outlines how the company is […]

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Gunvor successfully increases OBSI facility to US $1.37 billion

Four new banks join existing lending group Gunvor Group Ltd (“Gunvor” or the “Group”) has refinanced and increased its Off Balance Sheet Instruments Revolving Credit Facility (“Facility”) to US $1.37 billion, up from US $990 million in 2022, in favour of Gunvor SA and Gunvor International B.V. The Facility received strong support from Gunvor’s existing […]

Compliance Factsheet 2019 English

During the last decade, Gunvor has spent millions of dollars building an industry-leading Compliance Department. Our teams work continuously to improve company procedures to mitigate risks and anticipate others that exist within the commodities trading sector. Our goal is to maintain the highest ethical standards and comply with all relevant rules and regulations wherever we […]

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Payments to Governments

Gunvor Group has expressed support for the Extractive Industries Transparency Initiative (EITI) to establish a consistent means by which to reliably report on its payments to governments, with the aim to improve transparency and reduce the potential for corruption in cooperation with these governments. Gunvor’s reporting includes purchases of crude oil and refined oil products […]

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Clearlake Shipping

Moving Energy Efficiently Clearlake Shipping One of the largest global charterers of tanker vessels Singapore | Geneva | Tallinn | Houston CLEARLAKE IS A WHOLLY OWNED SUBSIDIARY OF GUNVOR GROUP Clearlake Shipping, a subsidiary of Gunvor Group, is one of the largest charterers of tanker vessels in the world. With chartering and freight trading activities […] Read More

Nyera

Moving Energy Efficiently Nyera A New Era of Trading and businesses. Nyera’s trading and investment activities are performed on a commercial basis, and the company is deliberate in entering areas of opportunity that will ensure a sustainable long-term model. NYERA IS A WHOLLY OWNED SUBSIDIARY OF GUNVOR GROUP As a leading global physical commodities trading […] Read More

Credit risk

Credit Risk in Energy Commodities Trading Credit risk, in the context of energy commodities trading, refers to the possibility that a counterparty will not fulfill its financial obligations as agreed upon in a contract. This risk becomes especially relevant in over-the-counter (OTC) markets where companies engage in bilateral agreements to buy or sell commodities like […] Read More

Gunvor partners with Celcius Tankers and Arclight on new LNG tanker order

Celsius Tankers (“Celsius”) expand their partnership with Gunvor Group Ltd (“Gunvor”) in the liquefied natural gas (LNG) sector with the chartering of four highly efficient, modern LNG carriers. The vessels, to be constructed by China Merchants Heavy Industry (Jiangsu) (CMHI), will support the growing LNG activities of Gunvor, one of the leading independent LNG trading […]

Numbers

Refining ZERO Spills Greater than 1 Barrel 100% Feedstock used in Biodiesel Plants Certified Sustainable 1 Lost workday frequency rate Shipping ZERO Spills 1 Contained spill 7.81 Average age of time charter fleet 2.9 Average age of own fleet 75% Eco vessels in time charter fleet by 2022 Compliance ZERO Agents 9,500 Counterparties 1,989 New […] Read More

About the map

Physical commodities trading refers to the actual movement of goods from place to place in the world—work that is done largely by seagoing vessels. The gasoline or diesel that fuel vehicles. The metals that make up electric cars and batteries. The oil or natural gas that heat homes. The components of the plastics that make […] Read More

Jeff Webster

Jeff Webster Chief Financial Officer Mr. Webster has more than 20 years of experience in the banking and trading sectors, most recently serving as Group Treasurer at Mercuria since 2018. Previously, between 2005-2018, he held several roles at UBS, including Treasury CFO, EMEA Treasurer and Global Head of Liquidity Management, and was located during this […] Read More

Benjamin Wasem

Benjamin Wasem Chief Tradeflow Officer Mr. Wasem became Chief Tradeflow Officer in 2021, and is responsible for managing Gunvor’s transaction flow, including oversight of Accounting, Controlling, Credit, Risk, and Tax. He was Group Controller from 2011-2020. Prior to Gunvor, Mr. Wasem served as Group Financial Controller for Compagnie Financière Tradition Lausanne, and as a Banking […] Read More