Chemoil
Encyclopedia
Chemoil Energy Limited is an oil trading company incorporated in Hong Kong
and having its headquarters in Singapore
. The company is amongst the largest independent physical suppliers of marine fuel products in the world. It has physical operations in Los Angeles
, New York
, Houston, Singapore
, Panama
and the Amsterdam
-Rotterdam
-Antwerp (ARA) region.
The company's main business is providing fuelling services for ships in port. They buy fuel oil from various suppliers, transport, store and blend them and finally deliver to Ocean going Ships, containers, tanker fleets, time charter operators and marine fuel traders.
It was listed on Singapore Exchange
Securities Trading Limited on 14 December 2006.
n businessman Robert Chandran
in the state of California
in 1981. Then it expanded the operations to Houston in 1986 and to New York in 1997. In 1997, Itochu
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.
Unfortunately, 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.
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
and having its headquarters in Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
. The company is amongst the largest independent physical suppliers of marine fuel products in the world. It has physical operations in Los Angeles
Los Ángeles
Los Ángeles is the capital of the province of Biobío, in the commune of the same name, in Region VIII , in the center-south of Chile. It is located between the Laja and Biobío rivers. The population is 123,445 inhabitants...
, New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
, Houston, Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
, Panama
Panama
Panama , officially the Republic of Panama , is the southernmost country of Central America. Situated on the isthmus connecting North and South America, it is bordered by Costa Rica to the northwest, Colombia to the southeast, the Caribbean Sea to the north and the Pacific Ocean to the south. The...
and the Amsterdam
Amsterdam
Amsterdam is the largest city and the capital of the Netherlands. The current position of Amsterdam as capital city of the Kingdom of the Netherlands is governed by the constitution of August 24, 1815 and its successors. Amsterdam has a population of 783,364 within city limits, an urban population...
-Rotterdam
Rotterdam
Rotterdam is the second-largest city in the Netherlands and one of the largest ports in the world. Starting as a dam on the Rotte river, Rotterdam has grown into a major international commercial centre...
-Antwerp (ARA) region.
The company's main business is providing fuelling services for ships in port. They buy fuel oil from various suppliers, transport, store and blend them and finally deliver to Ocean going Ships, containers, tanker fleets, time charter operators and marine fuel traders.
It was listed on Singapore Exchange
Singapore Exchange
Singapore Exchange Limited is an investment holding company located in Singapore and providing different services related to securities and derivatives trading and others. SGX is a member of the World Federation of Exchanges and the Asian and Oceanian Stock Exchanges FederationSingapore Exchange...
Securities Trading Limited on 14 December 2006.
History
Chemoil was founded by IndiaIndia
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
n businessman Robert Chandran
Robert Chandran
Robert Viswanathan Chandran was an Indian-born Singaporean business executive, and the founder and CEO of the Chemoil company....
in the state of California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
in 1981. Then it expanded the operations to Houston in 1986 and to New York in 1997. In 1997, Itochu
ITOCHU
, until 1992 "C. Itoh" in English, is a Japanese general trading concern based in Umeda, Kita-ku, Osaka and Aoyama, Minato, Tokyo. It has a common origin with Marubeni Corporation. Itochu is a Fortune 500 company.-History:...
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.
Unfortunately, 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.