Marine Fuels Trader

3 days ago


Dubai, Dubai, United Arab Emirates Peninsula Full time
Job Description

As a Marine Fuels Trader at Peninsula, you will play a crucial role in procuring marine fuels, blending components, and associated products to maintain a competitive supply in our regional physical ports. Your primary objective will be to maximize the value of our assets and shorts by fostering profitable and longstanding relationships with a portfolio of counterparties.

This position would suit someone with previous experience in Physical Trading, ideally within the Residual and Distillate Fuels scope of products, looking to extend their experience into Cargo Trading.

Main Responsibilities:
  1. Maintain, establish, and build relationships with new and existing suppliers.
  2. Procure Marine Fuels and their blending components to maintain a competitive supply into the regional physical ports.
  3. Openly communicate with other cargo traders internally to maximize the flow of market and arbitrage opportunities globally.
  4. Understand, analyze, and interpret market conditions, fundamentals, geopolitics, market structure plays, and other sources of information to better position Peninsula's supply.
  5. Coordinate supply and blending with local Operations teams.
  6. Coordinate with Chartering to maximize the value of Peninsula's shipping assets.
  7. Coordinate with Regional Book Manager and Hedging Desk to mitigate pricing risk and maximize the value of supply within the Risk Management framework.
  8. Coordinate with line manager and Regional Head to define and implement medium- and long-term procurement strategies.
  9. Participate in internal and external marketing activities when required.
  10. Use MINT and local market intelligence to understand competitors' and suppliers' flows of supply.


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