gunvor in A Sentence
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Energy trading houses Gunvor, Vitol and Trafigura have also chased projects in Bangladesh.
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Now the big FSRU came online and we doubt this(the Gunvor deal) will happen.".
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Belgian shipping firm Exmar said in May that Gunvor had chartered its small FSRU for 10 years.
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When asked about the Gunvor project, Quamruzzaman said its chances were"very slim", although he said all the LNG projects could be revived at anytime.
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As such, Gunvor, which has also invested in some scrubbers, believes there will still be demand for heavy fuel oil, as scrubber uptake increases through 2020 and 2022.
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I think it will be a bit chaotic in the beginning of 2020…(but) we don't think it's going to be extremely disruptive,” Gunvor CEO Torbjorn Tornqvist told the summit.
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Trading desks of oil major BP and merchants Vitol, Gunvor and Trafigura have recorded losses in the tens of millions of dollars each as a result of the"whipsaw" move when the spread reached more than $11.50 a barrel in June, insiders told Reuters.
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