The latest recruitment drive followed the hiring of over 40 staff from bankrupt OW Bunker in December 2014.
“We are investing in substantial resources into the bunkering business. Minerva is the natural complement to Mercuria’s fuel oil trading structure,” said Magid Shenouda, global head of trading at Mercuria.
He added that the company seeks to fill positions in Asia, Europe and the US.
The recruitment of over 40 former OW Bunker was made to fill up positions for Mercuria’s new offices in South Korea, Japan and Greece, as well as existing offices in Geneva and Houston.
The setting up of standalone subsidiary Minerva was first mooted back then.
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