The Petredec Group is pleased to announce the formation of Petredec Global, comprising Petredec’s trading platform as well as our modern fleet of 27 VLGCs. Petredec Global is exploring the possibilities of a public listing and would be the world’s first fully integrated VLGC shipping and trading company listed on a stock exchange.
Petredec today confirms that following the announcement made to the Oman Stock Exchange by National Gas Company (SAOG) Oman, it intends to acquire NGC’s entire interest in the two companies’ Indian Joint Venture which has focused on the development of a 34,000mts LPG import terminal in Krishnapatnam, Andhra Pradesh.
Petredec, one of the world’s leading Liquefied Petroleum Gas (LPG) trading and shipping companies, continues its programme of onshore investments in South Africa with the acquisition of Vryheid Petroleum which joined its Petrefuel division at the end of 2021.
Petredec holdings have exercised the option to construct an additional three 93,000 cbm LPG carriers with dual fuel LPG propulsion at Jiangnan Shipyard. This follows on from an announcement in early November 2020 for an initial order of three vessels.
Petredec is pleased to announce it has completed the acquisition of Quest Petroleum, a leading fuels distributor in the Eastern Cape, which will now become part of the Petrefuel Business Division in South Africa.
Having supported the WLPGA and its work over several years as a member, Petredec, one of the World’s leading LPG Trading and shipping companies, is pleased to have been invited to join the association’s prestigious Industry Council (IC).
NGC Energy India, a joint venture between Oman-based National Gas Company and Singapore-headquartered Petredec, will jointly set up a liquified petroleum gas import and storage terminal at Krishnapatnam Port
Giles joined Petredec in 1996 as a trader in the London office. Appointed Risk Manager in 1998, he was transferred to the refrigerated trading division covering the North Sea and Mediterranean. Transferring to the Singapore office in the role of Eastern Trading Manager, Giles oversaw the growth of Petredec’s East of Suez trading footprint and was promoted to Global Trading Manager in 2008. He became Group Chief Executive in 2010 and is based in London.
James joined Petredec in 2010 as an LPG trader in Singapore responsible for Petredec’s SE Asia small ship department before focusing on Africa and the Indian Ocean. After transferring to London, James continued to oversee African operations before joining the Investments team in 2018. In addition to a Marketing degree, James holds the Certificate in Global Management from INSEAD and is an Associate of the Energy Institute.
After beginning his career in the energy sector at Apex Oil’s Monaco office in 2006, Jonathan joined Petredec in 2012 as a trader. He served as Eastern Head of Trading for two years prior to becoming Chief Operating Officer in 2018, Chief Commercial Officer in 2020, and CEO of Petredec Global in July 2022.
Jonathan holds an executive MBA from INSEAD University, a BA in Economics from DePauw University, and is currently based in Singapore.
James began his career as a ship broker in 2003 in the LPG and petrochemical divisions at Braemar Seascope and later Clarksons. He then worked at Navigator Gas for 9 years as Head of Chartering, overseeing a growing fleet of 38 vessels trading LPG, petrochemicals and ammonia. James joined Petredec in February 2022, managing and promoting the commercial and chartering aspects of the handysize fleet.
John began his career in shipping in 2005 and has over 14 years of experience in research, finance and capital markets. Prior to joining Petredec in 2021, he served as the CFO of Okeanis Eco Tankers, a crude tanker owner listed on the Oslo Stock Exchange. He was previously the head of strategy, research and investor relations at BW LPG. John holds a Bachelor’s degree in Finance from Boston University, an M.S.c. in Investment Management from Cass Business School and is a CFA charterholder.
After completing a degree in Law, Andy started his career in the LPG industry as a shipbroker with Clarksons in London, transferring to their Singapore office during the latter part of 2012. He joined Petredec Singapore in May 2014 as a trader, focusing on the Middle East and Asian fully refrigerated markets. He was promoted to Head of LPG Trading in 2019.
Our colleagues put the team above the individual. Our whole is greater than the sum of its parts. We accomplish that by fostering a collaborative culture where sharing of information and new ideas is part of the job.
We change our minds when the facts change. We expect people to develop and execute new initiatives. This requires curiosity, an inquisitive nature and a willingness to take calculated risk. Equally, we constantly think about how we can do better.
We take the long view. We do not sacrifice quality or safety for short term gains. Our business model revolves around longevity. Acting with integrity and treating people fairly are the cornerstones of our resilience.
We take responsibility for our actions. We take calculated risks with the understanding that not all of them will work out. Everyone has a role to play and decisions to make. Most importantly, everyone must think like an owner.