Talk in LPG circles indicates Joe Alfonso, who worked for Poten in Singapore, had taken a new job with Asian agribusiness group Wilmar. But this could not be confirmed.

Poten chairman Michael Tusiani confirms that Alfonso has resigned from the company after 25 years’ service but says his departure was no surprise.

Tusiani says Alfonso had informed the company over a year ago that he did not want to spend his entire career as a broker and wanted to see what life would be like as a trader.