China Merchants Energy Trading (Singapore) Pte Ltd, a joint venture by China Merchants Hoi Tung Trading Company Limited and China Merchants Energy Shipping Co., Ltd, was incorporated in Singapore on 1st June.
As a pioneer among Chinese industrial and commercial enterprises in modern times, China Merchants Group (the Group) was founded in Shanghai in 1872 during the westernization movement in late Qing Dynasty. The core business has covered from Communications (port, road, energy transportation and logistics, ship repair and offshore engineering), Finance (bank, securities, funds and insurance) to Land Property (industrial zone development and real estate). Supported and inspirited by over-hundred-year’ experience inherited from the Group, operations, financing services and capital management, CM Energy Trading will be playing a critical role as a comprehensive energy trading hub to serve our esteemed clients in Singapore, sharing the benefit within this healthy, passionate and leading market in shipping, trading and finance. Setting up the company is a significant step forwards for the Group to establish a full supply and reselling chain from upstream to downstream, and realize cross-industries collaboration.
CM Energy Trading will be striving to provide reliable and efficient bunkering services not only to internal shipping companies within the Group, but also to all external clients. The Group will also support our further target in setting up physical bunker supply platform, the expansion in sorts of services and commodity trading. We are aiming to develop remarkable insights into energy trading sector and partnership with industry-leading companies with a distinct focus on excellence, sustainability and continuous improvement in business. Embodied with “Quality, Efficiency, Honesty and Trust” which is the spirit of China Merchants Hoi Tung Trading Company Limited for over 40 years in the market, CM Energy Trading promises to bring our esteemed clients the best service with true heart.