• CERAWEEK 2025 | March 10-14, 2025
  • 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, 12 March

  • 11:35am - 12:35pm (CST) / -

    The IMO Scramble: How big a disruption?
    Panel Transportation/Mobility Oil

    As the International Maritime Organization makes headway defining steps for the 2020 bunker fuel sulfur specification change, many questions still remain. The number of ship scrubbers installed, availability of new low-sulfur fuels in all ports, and the ability of new formulations to meet engine requirements are only some of the industry concerns. How will compliance be enforced and by whom? And can the market provide sufficient volumes around the globe? Refiners are seeking solutions, with new projects and conversion upgrades, but will excess residual streams need to be absorbed by inland markets? Also, what role does the GHG rule play in the ship owner’s strategy?