• CERAWEEK
  • March 10 - 14, 2025

Savvas Manousos

Maersk Oil Trading and Investments

Global Head of Trading

Savvas Manousos, Head of Global Trading, Maersk Oil Trading, leads the teams in New York, Copenhagen, Rotterdam, and Singapore that are responsible for refining, blending, sourcing and optimizing the fuel requirements of both AP Moller Maersk Group’s fleet of vessels and a number of third party key customers. Globally, the teams are accountable for asset backed trading, operations, market analysis, bunker supply planning, origination and quality. Maersk is the world’s largest consumer of marine fuels and Maersk Oil Trading trades in excess of 12 million tonnes per year. Prior to joining Maersk, Mr. Manousos was President of Global Trading for Reliance Industries, India’s largest private company and led the teams responsible for asset trading of crude, feedstocks and products from the Jamnagar Refinery — the world’s biggest single location refinery. Mr. Manousos started his career with BP, where he spent almost 23 years holding roles in Supply & Trading, Corporate Strategy, and Mergers & Acquisitions. He sits as an advisory board member of the McKinsey Downstream Executive Council. Mr. Manousos holds a degree from City University, London.

Sessions With Savvas Manousos

Tuesday, 10 March

  • 11:30am - 12:30pm (CST) / -

    IMO: From sulfur limits to carbon limits

    Downstream, Midstream & Chemicals

    Accommodating the recent International Maritime Organization (IMO)-mandated changes to sulfur regulations has tested the ability of both the shipping and refining industries to remodel operations on a very tight deadline, with knock-on effects impacting supply/demand balances worldwide. Just over two months into the low-sulfur bunker era, and only ten days after the carriage ban, the maritime and fuel supply industries are adjusting to this new reality. How has the transition gone so far, and what is expected this year and next? What are the key lessons from the IMO sulfur specification changes—for both refining and shipping? Once the sulfur cap is digested, shipping cannot sit still and needs to move on to its main course, decarbonization. The challenge of simultaneously meeting growing energy demand and reducing GHG emissions has created the platform for a radical energy transition. What is the route to 2050?