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Danish Defense has held meetings with Unioil about Syria case

Danish Defense has discussed the Syria case with its major supplier Unioil and its owner, Bunker Holding, in physical meetings as well as in writing. The Defense is interested in the case because Unioil has the same owner as Dan-Bunkering. "The dialog has been – and is – continuous," says the Defense in a comment.

Bunker sector preparing for legal battles after 2020

The new low-sulfur fuels will lead to more legal battles, the bunker sector expects. As such, several stakeholders are strengthening their staff with lawyers and personnel with deep technical experience. One of these is Bunker Holding.

Østergaard-Nielsen increases profit by over 50 percent

The parent company in Danish Torben Østergaard-Nielsen's business empire, Selfinvest, increased its result by almost USD 20 million in the last year. This improvement stems from the bunker market in particular, while tanker company Uni-Tankers has seen major impairments.

US issued several warnings to Denmark about Dan-Bunkering

At least twice the Danish foreign ministry was warned by US authorities that Dan-Bunkering was involved in jet fuel deliveries to Syria according to Danish media DR. The Danish fraud squad, intelligence service, business authority and local police were also warned. In spite of these warnings, delivery continued.

Bunker Holding aims to capture market shares after 2020

There will be a scramble to attract customers after 2020 when several oil majors and commodity traders will work to conquer a bigger share of the bunker market. Still, Bunker Holding aims to grow its market share, the company tells ShippingWatch.

Danish Defence wants answers about Dan-Bunkering's role in Syria

The Danish Defence intends to request an account of the case regarding Dan-Bunkering's jet fuel deliveries to Russian tankers during the Syrian civil war. The reason is that a company in the same group as Dan-Bunkering is the military's largest fuel supplier. Updated

Nordea stresses compliance after Dan-Bunkering revelations

Nordic Financial Group Nordea, which entered a billion-dollar credit agreement with the owner of Dan-Bunkering last week, emphasizes that all clients must observe international sanctions. If they do not, the client may be asked to find another bank, the bank adds.

Bunker Holding boosts its credit ahead of 2020

Bunker Holding has secured a new and large credit facility with its banks ahead of 2020. "We're not aware of any other bunker company having a credit facility of this scope in place," CEO tells ShippingWatch.

Bunker Holding says long-awaited consolidation now underway

The Danish bunker company delivered an improved result in the latest fiscal year, a period in which several industry players reported difficulties. "This is a period in which the sheep are separated from the goats," CEO Keld R. Demant tells ShippingWatch.

Bunker Holding's owner family has settled on future strategy

The owner of one of the world's top bunker suppliers has spent years working on the strategy for the family-held company's ownership going forward. Now the plans are ready, also for Torben Østergaard-Nielsen himself, he says in an interview with ShippingWatch.

Bunker One to rebuild carriers' trust after OW collapse

Two events are behind the changes in the bunker market that made Bunker Holding eye a need to launch its new venture, Manager Peter Zachariassen tells ShippingWatch. One is the OW Bunker bankruptcy in 2014. The other will happen two years from now.

Bunker Holding buys Dutch supplier

Bunker Holding via joint venture Kaeline Group has acquired the Dutch bunker supplier SBI. The companies do not disclose the price of the takeover and negotiations began around six months ago.

Bunker Holding reports ready for global emissions cap

Even though Bunker Holding is still calling for some indicators of direction from the sector in light of the 2020 global sulfur cap, the bunker supplier is ready to supply four products, Peter Zachariassen, the company's head of physical, tells ShippingWatch.

Copper anniversary changed the course for Bunker Holding CEO

A random encounter at a copper anniversary party many years ago marked a turning point in Keld R. Demant's career. He currently serves as CEO of Bunker Holding. It is crucial to find a good boss in order to make a career for yourself, he says.

Bunker Holding eyes 14 potential acquisitions ahead

The past fiscal year dealt a blow to Bunker Holding's bottom line but did not damage CEO Keld R. Demant's expansion ambitions. "It's an industry that is ready to be changed and consolidated," he tells ShippingWatch.

KPI: Mandatory mass flow meter will not eliminate bunker disputes

Singapore from the turn of the year will become the first nation in the world to implement mandatory use of mass flow meters. The move will reduce complaints, but it would be utopian to think that the regulation will put an end to bunker disputes, says one of the biggest players in the market, KPI Bridge Oil.

KPI Bridge Oil: Consolidation is the name of the game

Size is now crucial in terms of securing sufficient financial resources in the bunker sector. Consolidation will therefore be inevitable in the time to come, says KPI Bridge Oil's managing director, Singapore, in this interview with ShippingWatch.

Bunker Holding closer to taking global lead

Bunker Holding has come closer to its declared target of being the world's largest bunker company after increasing its market share significantly in the past year, while rival US World Fuel Services seems to have come to a full stop.

Bunker Holding CEO banks on new acquisition this year

Approximately one year ago, Bunker Holding acquired the world's largest brokerage firm. Today the bunker carrier is in the midst of concrete negotiations for a new acquisition, CEO Keld R. Demant tells ShippingWatch.

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