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Sing Fuels Pte Ltd
2www.singfuels.com
Ship Brokering & chartering
Risk Management
Fuel Oil, Gasoil &
Lubricants
BUNKER TRADING
OIL TRADING & LOGISTICS
Energy & Cargo
Trading
3www.singfuels.com
Integrity, Transparency, Reliability & Relationships
Your Global Energy Partner
Sing Fuels
Background• Founded in 2012
• Providing bunker trading, oil trading and
logistics services to the shipping community
• Grown to being a global energy company
Geographical presence• Headquartered in Singapore
• Representative office in Denmark, Taiwan, UK,
UAE, Greece, South Africa, Turkey and US.
Products• Full range of MGO / MFO
• Lubricants
• Risk Management Products
Financial Performance• Double-digit growth revenue from 2017 to 2019.
• Sales volume increased by 53% in same period
4www.singfuels.com
Sing Fuels
Greece, South Africa and Turkey office set up
Taiwan office set up
2015 2016 2017 2018 2019
UK and UAE office set upCommenced Operations
(9th Oct 2012)
20142013 2020
Started Cargo and Energy trading. Also commenced Ship
Charter business lines.
In line with our mission to become a global energy company, we have undergone a rapid international expansion
Company started expanding into specialized Bunker segments
Global expansion
Cargo Trading
Denmark office set up
US office set up
5www.singfuels.com
SALES VOLUME (MT)
↑ 53%
REVENUE
↑ 85%
ACTIVE CUSTOMERS
↑ 22%
SUPPLIER CREDIT LINES
↑ 47%
One of the Fastest Growing Companies in Singapore
*between 2017 to 2019
6www.singfuels.com
Why Sing Fuels?
Our Commitment:To deliver what customers need, anytime, anywhere.
Service excellence is our key priority!
Professional and experienced operations team
Diversified first-rate global trading team
Large and reputable customer portfolio
Dedicated procurement experts offering competitive pricing
Established worldwide supplier credit lines
Global coverage and valuable local market insights.
Able to offer derivatives / risk management products
Able to offer spot and floating price contracts
High product quality focus (pre-tests & COQ)
7www.singfuels.com
Global Coverage
Singapore (HQ)
Dubai Taiwan
LondonGreece
Denmark
Turkey
South Africa
United States
16 350+ 455+ 2MTraders Ports Customers MT Supplied
2017,2018 and 2019 figures
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Strong Supply Network
60
90
160
218
20
70
120
170
220
270
2016 2017 2018 2019
No of Suppliers Key Suppliers
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Credit Risk & Compliance
Creditability
• We see creditability as the keyin building relationships andhigh level of trust with ourpartners.
• We have a strong track recordof never delaying payments tosuppliers.
Credit Risk Management
• An experienced team, withextensive knowledge ofmaritime counterparties, theshipping industry, and maritimelaw, manages the credit risk ofthe company.
• Companywide standard creditpolicies and procedures are inplace.
Compliance & Legal
• Strong compliance with localand international laws andregulations.
• Consistent improvements ofcontrols and due diligence in allareas of our business
• Mandatory staff training ininternal governance policiesand framework in conductingbusiness globally.
10www.singfuels.com
Solid Credit Reviews
April 2019 Risk Rating:
2(1 = low risk, 6 = high risk)
Feb 2020 Risk Rating:
4(1 = low risk, 10 = high risk)
Feb 2020 Risk Rating:
5(1 = low risk, 10 = high risk)
11www.singfuels.com
15 Languages
15 Nationalities
Management Traders
10 years of experience average
15 - 20 years of experience average
Diversified & Experienced Team
Sing Fuels Team
We take pride in our extensive in-depth industry knowledge and round the clockservices to remain on top of the latest developments. Our specialized global teamis always prepared to deliver what customers need, anytime, anywhere.
12www.singfuels.com
Executive Committee
Sonnich Thomsen
MD, Bunkers
Sonnich brings along 16 yearsof experience in the bunkerindustry. He started his career inOW Bunker in 2002 as BunkerTrainee and played an importantpart in the company growth,ending as Managing Director ofthe Singapore office. The officeconsisted of 70 people and wasone of the biggest in the world.
Sonnich, in his last professionalengagement, was the Head ofAsia in Minerva Bunkers from2014. In his role he wasentrusted with the responsibilityof conceptualizing and startingthe Asia Bunker Desk, and todevelop the overall direction ofthe Minerva organization.
Satnam Singh
COO
Prior to Sing Fuels, Satnam wasan independent commoditiestrader with numerous years ofexperience in the industry.
He graduated with a Master’sDegree in Finance & Marketingfrom the Institute of CharteredFinancial Analysts of India(ICFAI).
Tang Lay Hoon
CFO
Lay Hoon has over threedecades of extensiveexperience in accounting,financial administration,compliance and reportingrequirements, treasurymanagement as well asmerger and acquisitions.
Lay Hoon has held keypositions in both private andlisted companies asExecutive and IndependentDirector as well as financialpositions including ChiefFinancial Officer at variousprestigious and renownedcompanies.
13www.singfuels.com
Management Team
Haydn Lockhart-BarkerVP - Supply Chain
Can ErtemDeputy Commercial Director
Ulrich Hyldedahl RasmussenVP - Credit Risk Management
Janine FonsecaBusiness Development Manager
Sanket Sudhakar NaikVP - Treasury and Investments
14www.singfuels.com
Trading Team
Karen GanSenior Bunker Trader
Tan Chong HanSenior Bunker Trader
Daria CherkashinaSenior Bunker Trader
Stella LykouriSenior Bunker Trader
Maaz AhmedSenior Bunker Trader
Arzu Kocak ErmuratSenior Bunker Marketeer
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Trading Team
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Moves physical oil cargoes from one location to another, providing reliable and efficient service to both suppliers and buyers.
Products:
Crude Fuel Oil Gas Oil Light Cycle Oil Bitumen Mixtures (a type of fuel oil) Mix Aromatics Other Light Oil (Gasoline Blend) Naphtha LPG Bitumen (for roads)
Energy & Cargo Trading
OIL TRADING& LOGISTICS
17www.singfuels.com
Ship Brokering & Chartering
Provides innovative solutions for Dry Bulk, Tankerand Gas Shipping:
Asset Investment and Management Commercial and Operations Management Maritime Value Add Services
OIL TRADING& LOGISTICS
18www.singfuels.com
Awards & Programs
Enterprise 50 AwardContributing to the Economic Development of Singapore
Singapore Fastest Growing CompaniesOne of the Top 100 companies in Singapore with strong revenue growth between 2015 and 2018
Singapore 1000Ranked one of the nation’s top companies annually for over 3 decades.
Business Eminence AwardOne of the Top Singapore Companies with outstanding business growth and/or profitability.
19www.singfuels.com
Media Coverage
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Marketing Communications
Digital marketing
Digital ads
Reports
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CSR ActivitiesCharities supported At Sing Fuels, we strongly believe in giving back to the society in which we operate in.
We are committed in extending a helping hand to children’s welfare and elderly carewithin our community. We dedicate our efforts to programs and events that are close toour hearts.
22www.singfuels.com
Contact Us
+65 6420 0400
www.singfuels.com
https://www.linkedin.com/company/sing-fuels
10 Anson Road#16-09 International PlazaSingapore 079903
Sonnich ThomsenMD, Bunkers
+65 6420 0435
Satnam SinghCOO
+65 6420 0433
Ulrich Hyldedahl RasmussenCredit Manager
+65 6420 0408
Give us an opportunity to work together.Contact us now!
ThankYou
