Trading sources told Reuters the demise of Denmark’s OW has provided Mercuria with a chance to beef up its business two months after it bought the physical commodities unit of JPMorgan Chase for $800m.
Mercuria’s existing bunker operations specialise in trading cargoes of around 20,000 tonnes.
It has deployed 17 ex-OW people in northern Asia to launch a new ship fuel business, according to one new member of staff.
The
