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Dear Customer,
2011 is approaching its final stages to what
has probably been one of the most eventful years in the history of
the Chemoil organisation. There has been a lot of internal reshuffling
of personnel, streamlining of procedures and business interests. Many
new skilled employees have joined our team and now we are confident
enough to say the new Chemoil has improved - for your benefit.
Chemoil is a physical player in more of the
leading bunker hubs than anybody else on the planet. Something we are
extremely proud of. We recently added Phillidelphia
to our list of ports, and we are looking for other opportunities in the
future so we can utilize our in-house expertise and strong trading
network. Focus is not only on being in all these hubs, focus is on
being the best in all of them. This way we can attract you as the
customer and make Chemoil a success. For other ports we have brokers
and traders in Monaco, Athens and Seoul that can assist you as
well.
Goals:
Our goal is to bring value to our customers.
Not only by delivering good quality fuel at the right time, but also at
the right price. We want to partner our customers, capturing
opportunities that can help their business as well as our own.
New initiative - Derivatives:
To reach some of our goals we have recently
set up a derivatives department. Before we were merely focusing on Fixed
Forward Prices (which we still offer), but we want to provide something
extra. The idea is to assist customers buying more efficiently -
sometimes combining spot and paper. By being prudent we aim for our
customers to avoid the highs of the market, trying to benefit from the
lows. We all know this is tough times for shipping, but here is a
“tool” that really can make a difference and it doesn’t have to be that
complicated. Doing nothing in a volatile market is not necessarily the
best option, and with our physical set-up we are in a unique position
to offer both simple and more advanced solutions. We like nothing
better than when a customer “lock in” bunkers at the lows of the
market. To us, we make the same margins as when the market is high, but
more importantly we have a happy customer who will return. So far this
year we have helped a large number of ship owners to save a lot of
money in this respect.
Upcoming challenges – 3.50% sulphur avails:
If you have participated in any of the many
conferences this year, you would know that the global limit for sulphur
content of any fuel is reduced from 4.50% to 3.50% Sulphur by mass from
1st January 2012. We already now see a lot of ships out there
expressing interest for taking this product. A quick rundown of our
physical ports shows the following availability of fuel with max 3.50%
sulphur. Please ask first as we also store the current specs:
USWC: Available
NY: Available
Philly: Available
Houston: Available
Gulf of Mexico: Available
Panama: Available
Fujairah: Available
Rotterdam: Available
Singapore: Available from 1st of
Jan 2012.
Personnel:
We have been lucky to attract a string of talented
people recently and more are on their way. For further information and
contact details on the people in the various regions we encourage you
to enter our website (www.chemoil.com). Each
customer can decide themselves who they want to be serviced by. Whether
it is San Francisco, Rotterdam, Fujairah, Singapore or any of the other
places we serve, you as a customer should always have the same high
standard of service. This year we will be more “out and about” so hope
to see you somewhere in the near future.
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