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Who we are & our history

We went from offering vanilla trading and sourcing to stabilized FOB to CIF trades and capturing pre-FOB margins and in next 2-3 years we are building a diversified and sophisticated trading house

EPRAG’s strategy was designed in 3 stages.

In the first stage we:

  • Undertook vanilla trading, origination and merchandising
  • Developed FOB to CIF businesses both on spot and term deals
  • Added value with dry freight, both in-house and for third-parties
  • Undertook management of market, performance and country risks
  • Optimized sourcing and trading books, and built out location spreads, west-east arbitrages etc

In EPRAG’s second phase we focused on:

  • Building out of a global trading team and geographical coverage to key clients on both buyand sell sides
  • Further optimizing of our FOB to CIF trades, west-east arbitrages and term deals to NorthAsia from an increasingly diversified supply base
  • Developing presence in supply countries across the energy spectrum to allow us tocapture pre-FOB margin in both territories
  • Phases 1 and 2 provided the strong and stable profitability that allows us to push on tophase 3

In our third phase we are diversifying our portfolio and increasing term business by:

  • Trading iron ore and met coal
  • Further developing our LNG and Biomass business
  • Studying agriculture seaborne niche business, aggregates, semifinished products
  • Confirming our global presence through building Singapore office and Australia presence
  • Building out our structured trade finance capability to support expansion in nichemarkets/opportunities, including pre-export finance and equity positions, resulting in longterm volumes at preferential offtake pricing