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Petredec first entered the refrigerated trading market in 1999 , mainly focusing in developing long
term relationships with Japanese and Korean importers.
At the same time the company developed a solid reliable supply base with some major Middle East producers
allowing Petredec to offer to their customers a flexible supply package based around shipping and ratio
flexibility.
Over the next few years Petredec refrigerated group grew into one of the worlds largest LPG traders and
logistical provider's.
As new export volumes became available in WC Africa and South America, Petredec
increased its presence in the West refrigerated market trading and chartering via the Monaco office. This allowed the company
to build upon existing relationships with Western Hemisphere companies in order to develop Petredec into
a global trading and shipping company.
With the consolidation of
importers in Japan and the impact of a regional downturn in 2009 Petredec has refocused its strategy to include other areas with growth potential.
The impact on LPG growth in Indonesia of the government led switch from Kerosene to LPG has boosted imports where Petredec has become the largest supplier to Petamina. Petredec has also entered into a longer term supply arrangement for cargo entering the Australia/Pacific region with a large Australian market participant.
Petredec are also operating a floating storage in the Indian Ocean.
Likewise a major supply contract in WC Africa has opened up strong potential trading patterns in the Western Hemisphere
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Barbados
