Bunker supplier Monjasa has named Simone Piredda as Trading Director in Singapore, succeeding Morten Jacobsen, who departs after 16 years to lead offshore logistics initiatives in the United States.
Global bunker supplier and trading firm Monjasa has announced a leadership transition within its Southeast Asian commercial operations. Simone Piredda has been appointed as the group's new Trading Director in Singapore, taking over responsibility for the regional trading desk. Piredda succeeds Morten Jacobsen, who is concluding a 16-year tenure in the city-state to take on a new commercial brief within the organisation.
The executive rotation marks the conclusion of an extensive period in Singapore for Jacobsen, who helped guide the company's presence across the Southeast Asian bunker market. Following his departure from the Asian hub, Jacobsen will relocate to Texas in the United States. His focus will centre on exploring and developing new commercial opportunities within Monjasa's offshore logistics business segment.
Strategic Shift Across Key Regional Desks
Singapore serves as the world's primary marine fuels bunkering hub, functioning as a vital operational base for international marine fuel traders, physical suppliers, and ship operators. In his new role as Trading Director, Piredda assumes oversight of Monjasa's trading activities, client relations, and commercial supply strategies in the region. The appointment is structured to ensure continuity in trading desk execution and regional risk management across key maritime shipping lanes.
Jacobsen's transfer to the Americas reflects Monjasa's practice of deploying senior personnel across its global business units to advance specific service segments. The relocation to Texas places an experienced company executive in a premier energy and shipping hub. In this environment, regional maritime transport, oil markets, and offshore operations interface directly with international distribution chains.
Commercial Development in Offshore Logistics
Offshore logistics represents a specialised service vertical for marine fuel suppliers, demanding specific operational infrastructure, coordination, and offshore vessel support capabilities. In Texas, Jacobsen will be tasked with identifying commercial pathways to support the group's operational objectives in the offshore logistics sector. His background from leading trading operations in Asia provides administrative experience for assessing new market entries and operational arrangements.
- Key aspects of the leadership transition include:
- Simone Piredda takes over the role of Trading Director for Monjasa in Singapore.
- Morten Jacobsen concludes a 16-year posting in Singapore's marine fuel trading sector.
- Jacobsen transfers to Texas to target expansion in the group's offshore logistics operations.
- Monjasa maintains institutional continuity across its primary Asian bunker trading operations.
What it means For marine fuel buyers, trading counterparties, and fleet operators, this executive transition demonstrates Monjasa's internal continuity in Singapore while signalling deliberate commercial attention toward offshore logistics in the Americas. Charterers and shipowners working with the Singapore desk should anticipate standard operational continuity under Piredda, whereas Jacobsen's move to Texas reflects long-term planning to assess specialised offshore logistics capacity outside traditional bunkering hubs.
Sourcing & attribution
Reported with reference to Manifold Times. View original report