Physical cargo trading, disciplined to the barrel.
Sourcing refined product internationally and structuring transactions cargo by cargo.
Trading
Morena's trading desk originates, structures and executes physical cargoes — typically 25,000 MT and above — from contract negotiation through nomination, loading, voyage and discharge.
We access product from an established network of refiners, integrated majors and independent traders across Northwest Europe, the Mediterranean, the Middle East and the Americas, working under transparent Platts-linked pricing.
What we bring to every cargo.
Physical cargo trading
Cargo-level origination and execution against transparent, benchmark-linked pricing.
Product sourcing
An established international supplier network spanning refiners, majors and independent traders.
Hedging & risk management
Price and basis risk managed transaction-by-transaction, matched to counterparty and tenor.
Trade-finance relationships
Letters of Credit, Standby LCs and structured finance with international and regional banks.
Counterparty diligence
KYC, AML and sanctions screening completed before any transaction proceeds.
Track record
A disciplined record of delivery into African markets — credibility built cargo by cargo.
The slate we move.
- Automotive Gas Oil (AGO / diesel) — primary focus
- Premium Motor Spirit (PMS / gasoline)
- Jet fuel (Jet A-1)
- Liquefied Petroleum Gas (LPG)
- Fuel oil and base oils, as transaction economics dictate
Disciplined, end to end.
Each supply position is evaluated against counterparty profile, freight economics and trade-finance availability before commitment.
Every transaction is supported by appropriate inspection, demurrage and dispute mechanisms, with documentation aligned to international trade practice and executed under recognised governing law.