Chemoil Energy Limited is an oil trading company incorporated in

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta i ...

and has its headquarters in

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bor ...

. The company is amongst the largest independent physical suppliers of marine fuel products in the world. It has physical operations in

Los Angeles Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the List of municipalities in California, largest city in the U.S. state, state of California and the List of United States cities by population, sec ...

, New York,

Houston Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 i ...

Panama Panama ( , ; es, link=no, Panamá ), officially the Republic of Panama ( es, República de Panamá), is a transcontinental country spanning the southern part of North America and the northern part of South America. It is bordered by Co ...

and the

Amsterdam Amsterdam ( , , , lit. ''The Dam on the River Amstel'') is the capital and most populous city of the Netherlands, with The Hague being the seat of government. It has a population of 907,976 within the city proper, 1,558,755 in the urban ar ...

Rotterdam Rotterdam ( , , , lit. ''The Dam on the River Rotte'') is the second largest city and municipality in the Netherlands. It is in the province of South Holland, part of the North Sea mouth of the Rhine–Meuse–Scheldt delta, via the ''"Ne ...

- Antwerp (ARA) region. The company's main business is providing fueling services for ships in port. They buy fuel oil from various suppliers, transport, store and blend them and finally deliver to oceangoing ships, containers, tanker fleets, time charter operators and marine fuel traders. It was listed on

Singapore Exchange The Singapore Exchange Limited (SGX) is a Singaporean investment holding company that provides different services related to securities and derivatives trading and others. SGX is also a member of the World Federation of Exchanges and the Asian ...

Securities Trading Limited on 14 December 2006. It was voluntarily delisted in April 2014.

History

Chemoil was founded by

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

n businessman Robert Chandran in the state of

California California is a state in the Western United States, located along the Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the most populous U.S. state and the 3rd largest by area. It is also the m ...

in 1981. Then it expanded the operations to Houston in 1986 and to New York in 1997. In 1997,

Itochu is a Japanese corporation based in Umeda, Kita-ku, Osaka and Aoyama, Minato, Tokyo. It is one of the largest Japanese ''sogo shosha'' (general trading companies). Among Japanese trading companies, it is distinguished by not being descend ...

Corporation purchased 50% of ownership of Chemoil Corporation. In 1998 Chemoil entered Europe having its office in Rotterdam. It expanded to Singapore in 2000 and Panama in 2003.In December 2009 commodities trader Glencore purchased a majority stake in Chemoil.In 2012 Glencore increased their stake to 89.04%. In February 2014, Glencore Xstrata announced plans to increase ownership to 100% and delist it from the SGX. Robert Chandran died January 7, 2008, from injuries sustained when a helicopter he was traveling in crashed in the Riau Province of Indonesia.On January 14, 2008, Chemoil announced that they appointed Clyde Michael Bandy as its chairman and chief executive officer with immediate effect. Mr. Bandy was unanimously elected by Chemoil's board of directors to undertake the position following the death of Chemoil's founder, Robert Chandran, on January 7, 2008. Mr. Bandy has been Chemoil's lead independent director since August 31, 2006. Mr. Bandy retired from Chemoil in 2010. Tom Reilly was appointed Chemoil's new CEO in January 2011. Following the acquisition by Glencore in 2014, several key executives departed. In July 2014, Ship & Bunker reported that Chemoil confirmed that Reilly left his role as chief executive officer of Chemoil Corporation effective June 30, 2014. Following Mr. Reilly's departure, former Chevron Senior Vice President Michele J. Swanson became president and chief executive officer of Chemoil until her departure in 2017 after obtaining a Chemoil subsidiary, Prista Oil.

References

{{Reflist

External links

Official web site

Oil companies of the United States Companies based in San Francisco Companies listed on the Singapore Exchange Oil traders American companies established in 1981 Non-renewable resource companies established in 1981 1981 establishments in California