Freight investor Services (FIS) adds key new staff to Fuel Oil desk in Singapore
London, 15/04/2026 – FIS, a leading freight and commodity brokerage, has announced some key hires in Singapore, expanding its coverage of fuel oil products at a crucial moment for global oil markets.
FIS is pleased to welcome Eunjung (Erica) Jeong, Ted Dias, and Vanessa Tay to the Fuel Oil desk. Based in Singapore, the new team will support the established operations, further strengthening the company’s global presence and capabilities in the fuel oil market. The team is now composed of 13 brokers across offices in Shanghai, Singapore, Dubai, and London, providing a 24-hours market coverage and actionable insights to clients during a time of heightened global volatility.
Luke Longhurst, Head of Fuel Oil at FIS said:
“I am really excited to be working with our new Singapore team. They come with a strong reputation in the market, and I know their relationships, experience, and skill set will greatly support our existing business. We continue to build on the success of the past decade and grow our market share and presence in this highly competitive space, offering something different with our unique client flow and relationships.”
FIS now offers a range of oil products from residual fuel like Singapore 0.5% fuel oil to key gasoils and LPG products.
George Dranganoudis, CEO of FIS said:
“With these excellent hires into our Singapore business, FIS continues our focus on hiring established and proven brokers, who can deliver on our client focused culture. This is part of our strategy of sustained, global expansion, adding key products and extending our offering across the barrel. I am particularly pleased that our Singapore office, a key bunkering and trading hub and a location I know personally, is growing steadily.”
The FIS fuel oil desk has created a strong position as a key player in the fuel oil futures market and prides itself on its level of service. It has a unique market position, with a strong focus on end user clients for fuel oil and gasoil hedging and trading.
FIS has responded to the specific needs of companies by helping develop smaller volume contracts to aid shippers with specific hedging tools. FIS was the first broker to trade the new 0.5% grade contract, pioneering the contracts available to help its customers try to mitigate their risk exposure, and the company continues to be the leading broker in this specialism.
With the increasing diversification of the market, FIS is also pleased to offer clearable products across the barrel: from marine fuel oils to gasoils. FIS offers services on all major exchanges: ICE, CME and SGX for sizes as small as 50mt upwards.
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Contacts
For any query, please contact the FIS Communications Department.
Responsible: Davide Annarumma
Email address: davidea@freightinvestor.com
Phone number: +44 (0) 7543 223445
For any market enquiries, please contact:
Email address: enquiry@freightinvestor.com
Phone number: +44 (0) 207 090 1120
