Singapore-listed Noble Group (NOBG.SI), which started its oil product trading operations last year, has received its first physical fuel oil cargo and will  start selling marine fuels next month, traders said on Thursday.

The cargo, about 100,000 tonnes of high-viscosity fuel oil from the Caribbean, completed discharge operations late on Wednesday onto Noble’s 270,000-tonne floating storage facility. The tanker “Hercules” began operations at the start of April and is anchored off Malaysia’s southern Tanjong Pelepas port. 

 

The company’s spokesman could not be immediately reached for comment. 

 

The firm has also hired teams to trade each oil product, including distillates, naphtha and gasoline in Asia over the course of the past year and is expected to have a crude trading team in place later this year, a source said.