Chemoil
| 220px | |
| Type | Public (SGX: AV5) |
|---|---|
| Founded | San Francisco, California, USA (1981) |
| Founder(s) | Robert V. Chandran |
| Headquarters | Singapore |
| Products | Marine fuel |
| Website | Chemoil.com |
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.
History
Chemoil was founded by Indian 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.
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