Andrew Yew Hoong Siew
Summary
A driven Cargo/Bunker Oil Trader with 30 years of experience in both physical and paper trading in refined petroleum products. Proven track record in identifying market opportunities, optimizing supply chains, Fuel Oil blending and managing commercial risks. Skilled in negotiation, contract management, and fostering of long-term relationships with suppliers, customers, and logistics partners. Strong analytical ability combined with a deep understanding of the local market and geopolitics.
Overview
34
34
years of professional experience
Work History
Trading Manager
MONJASA PTE LTD
04.2024 - Current
- Responsible for the running of between 2~3 barges delivering 60~80 KTs of VLSFO per month in the competitive Port of Singapore
- Responsible for the negotiation/procurement of physical Exwharf barrels, developing strategies to maximize trading margins while mitigating risks.
- Involved in negotiating favorable time charter as well as COA contracts for barges.
- Execution of hedging strategies using derivatives to manage market risks; as well as educating Sales traders on marketing tactics based on the structure of the market.
- Build and maintaining relationships with NOCs, Oil Majors, trading houses, Suppliers, barging contractors and shipowners, etc.
- Guiding the back to back Supply team on securing profitable Delivered contracts; be it basis fixed or floating prices, and applying the appropriate hedges; for further onsale.
- Coordinating with the Operations team on vessel nominations, scheduling, demurrage, and documentation, etc. to ensure smooth and timely bunkering, minimizing delays and demurrage.
General Manager ~ Trading and Supply
UNICORE FUEL PTE LTD
07.2014 - 03.2024
- Responsible for the running of between 3~5 barges delivering ~100 KTs of VLSFO per month in the competitive Port of Singapore
- Responsible for the negotiation/procurement of all physical Exwharf barrels, developing strategies to maximize trading margins while mitigating risks.
- Involved in negotiating favorable time charter as well as COA contracts for barges.
- Execute paper hedging strategies using derivatives to manage market risks.
- Guiding back to back Supply team on securing profitable Delivered contracts; be it basis fixed or floating prices, and applying the appropriate hedges.
- Build and maintaining relationships with NOCs, Oil Majors, trading houses, Suppliers, barging contractors and shipowners, etc.
- Coordinating with the Operations team on vessel nominations, scheduling, demurrage, and documentation, etc. to ensure smooth and timely bunkering, minimizing delays and demurrage.
- Delivered strong P&L performance for the entire tenure.
Trading Manager
SEVEN SEAS PETROLEUM
04.2013 - 06.2014
- Responsible for the negotiation/procurement of up to 200kts of Exwharf per month for further onsale as Delivered barrels, developing strategies to maximize trading margins while mitigating risks.
- Execute paper hedging strategies using derivatives to manage market risks.
- Build and maintaining relationships with NOCs, Oil Majors, trading houses and shipowners, etc.
Deputy General Manager ~ Marine Fuels
KAZMUNAIGAZ (S) PTE LTD
06.2011 - 02.2013
- Responsible for the negotiation for both the Buying and Selling of ~80kt Exwharf and/or Delivered barrels per month, developing strategies to maximize trading margins while mitigating risks.
- Involved in the negotiations pertaining to geographical/location swap between crude/Fuel oil.
- Execute paper hedging strategies using derivatives to manage market risks.
- Build and maintaining relationships with NOCs, Oil Majors, trading houses, Suppliers, barging contractors and shipowners, etc.
Trading Manager
CHEMOIL INTERNATIONAL PTE LTD
01.2000 - 06.2011
- Responsible for identifying as well as the Development and Implementation of Trading Strategies/Opportunities in both Singapore as well as Fujairah
- Securing access to advantaged supplies including Arbitrage movements of Fuel oil and Developing new markets and Trading shorts for the Trading books
- Development of trading and bunkering strategies including FOB cargo /Ex-Wharf Sales
- Hedging / Risk Management for the purpose of reducing Risk and maximising profits
- Relationship management of existing and new counterparties
- Joint PNL responsibility
- Operations/Blending Manager [Jan 2000 – June 2006]
- Trading Manager (July 2006 – June 2011)
Operations Co-Ordinator ~ Fuel Oil
CALTEX SINGAPORE PTE LTD
01.1992 - 12.1999
- Cargo operations: Managing shipments of oil between locations or counterparties and all the associated documentation and assurance processes required (LC, contracts, Vessel clearance, appointment of agents/inspectors, etc.) and ensuring efficient Jetty turnaround at the Caltex Tg. Penjuru Terminal
- Co-ordination with Refinery on the movement of system barrels, part of the SRC Supply [Fuel] and Demurrage [Fuel + Crude Oil] committees
- Ensuring all relevant aspects of the Sales/Purchase contracts are fulfilled and control processes are efficiently executed
- Recommending Traders and Affiliates with time/cost saving opportunities
- Operations Co-Ordinator ~ Fuel Oil (1994-2000)
- Caltex Singapore Pte Ltd
Education
Bachelor of Arts - Economic and Statistics, Finance minor
National University of Singapore
01.1992
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Hwa Chong Junior College
01.1986
Skills
- Fuel Oil Trading (Physical & Paper)
- Market Analysis
- Operations, Supply Chain & Logistics Optimization
- Risk Management & Hedging Strategies
- Negotiation & Contract Management
- Commercial Acumen & Accountability
- Relationship Management
- Regulatory Compliance & Documentation
LANGUAGES
English and Mandarin (Fluent)
Timeline
Trading Manager
MONJASA PTE LTD
04.2024 - Current
General Manager ~ Trading and Supply
UNICORE FUEL PTE LTD
07.2014 - 03.2024
Trading Manager
SEVEN SEAS PETROLEUM
04.2013 - 06.2014
Deputy General Manager ~ Marine Fuels
KAZMUNAIGAZ (S) PTE LTD
06.2011 - 02.2013
Trading Manager
CHEMOIL INTERNATIONAL PTE LTD
01.2000 - 06.2011
Operations Co-Ordinator ~ Fuel Oil
CALTEX SINGAPORE PTE LTD
01.1992 - 12.1999
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Hwa Chong Junior College
Bachelor of Arts - Economic and Statistics, Finance minor
National University of Singapore