Try “Miran”, “shipping” or “The OWO”.
04 — Trading & shipping
An independent commodities trading house moving physical energy from where it is produced and stored to where it is needed most.
Overview
Through ONEX DMCC, our trading and shipping platform, we create logistics solutions that move physical energy and soft commodities safely and efficiently. Our expertise and relationships with global trading houses, oil majors and end users let us connect supply with demand across the energy value chain.
We are one of the leading lifters of fuel oil in the market, sourcing product from SOMO in Iraq, and trade fuel oil, naphtha and gasoline. We also blend fuels to meet environmental regulations and improve performance for end users. Long-term storage leases in strategic hubs — including Rotterdam and Singapore — support the movement of crudes and products from production centres to major markets.
In numbers
Shipping
Our trading is supported by the in-house ON Fleet of 11 product and crude tankers (7 LR2s and 4 VLCCs) managed by industry leaders Anglo-Eastern and Scorpio Tankers. It gives us speed, optionality and independence in a volatile logistics market.
Connecting supply with demand across the energy value chain.
Partners
Alongside our growth we have built relationships with national oil companies such as Iraq’s State Organization for Marketing of Oil (SOMO), international oil companies and global trading houses — the network that makes physical barrels move.
Strategy & value creation
Disciplined ownership across the life-cycle of each asset.
We focus on moving real barrels — fuel oil, naphtha, gasoline and crude logistics — with storage and shipping optionality behind every book.
Long-term leases in places such as Rotterdam and Singapore let us source, hold and deliver into major pricing centres.
Owning tonnage alongside the trading desk shortens response times when markets move.
Milestones
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Started oil trading.
Around 55 million barrels a year from Dubai and Geneva, backed by the ON Fleet.
Footprint
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1Dubai2Geneva3Rotterdam4SingaporeSustainability
We blend fuels to meet environmental regulations for end users. On the water, the ON Fleet includes ONEX Peace — the first merchant ship to receive DNV’s SILENT-E notation for low underwater radiated noise.
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