Peninsula Seeks Junior Cargo Trader in Dubai
Author: Ship & Bunker·
Key Takeaways
- •Peninsula is seeking to hire a junior cargo trader in Dubai.
- •The company is targeting candidates with knowledge of residual and distillate fuel pools.
- •The role includes procuring marine fuels and blending components for regional physical ports.
- •The position requires coordination with trading, operations, chartering, and hedging teams to manage supply and pricing risk.
- •The posting says the trader must help vet counterparties and consider their financial strength to reduce risk.
Global bunker supplier and trading firm Peninsula is seeking to hire a junior cargo trader in Dubai.
The company is looking for candidates with knowledge of residual and distillate fuel pools, according to a LinkedIn job advertisement posted last week.
The role sits at the intersection of cargo procurement, marine fuels supply, and risk coordination, which is why the posting emphasizes both trading knowledge and operational follow-through across Peninsula’s regional network.
The advertisement lists the following responsibilities for the role:
- Maintain, establish and build relationships with new and existing suppliers.
- Procure marine fuels and their blending components to maintain competitive supply into regional physical ports.
- Communicate with other cargo traders internally to maximize the flow of market and arbitrage opportunities globally.
- Understand, analyze and interpret market conditions, fundamentals, geopolitics, market structure plays and other sources of information in order to develop a view that better positions Peninsula’s supply.
- Coordinate supply and blending with local operations teams.
- Coordinate with chartering to maximize the value of Peninsula’s shipping assets.
- Coordinate with the Regional Book Manager and Hedging Desk to mitigate pricing risk and maximize the value of supply within the risk management framework.
- Coordinate with the line manager and Regional Head to define and implement medium- and long-term procurement strategies.
- Participate in internal and external marketing activities when required.
- Use MINT and local market intelligence to understand competitors’ and suppliers’ flows of supply.
- Proactively control risks by ensuring that all counterparties are vetted and approved, claims costs are minimized, and counterparty financial strength is regularly and carefully considered in conjunction with the Supplier Credit Team.
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Ship & Bunker News Team
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