Enerjen Offers More Marine Fuel Hedging Products for IMO 2020

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News // 02.27.19

(Bloomberg By Jack Wittels) – Enerjen Capital has issued a second hedging product aimed at shippers with scrubbers installed, according to Jake Greenberg, chief commercial officer at the firm, speaking on the sidelines of the IMO 2020 forum at Bloomberg’s London office Wednesday.

·  Product already has clients

o   Capital not yet deployed; spread between high and low-sulfur fuel oil yet to reach correct parameters

·  Planning third hedging product for shippers looking to use LNG as a marine fuel

·  Previously: Enerjen to Introduce IMO 2020 Fuel-Hedging Product This Quarter

·      NOTE: Enerjen is a group comprising former executives of A.P. Moller-Maersk, Vitol Group and Bank of America Corp.

Henry Kosinski