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USTC Chief Executive: Tough time to be in shipping this past decade

The owner of one of the world's biggest ship bunker suppliers describes the past decade in shipping as a slog through the desert. But Torben Østergaard-Nielsen is satisfied with Bunker Holding's latest results.
Photo: PR-foto/USTC
Photo: PR-foto/USTC
by KATRINE GRØNVALD RAUN

While deficits and impairments are the reality for many players in global shipping, USTC CEO Torben Østergaard-Nielsen's holding and investment company Selfinvest is still able to deliver profits after taxes. Selfinvest is the parent company of Danish-based global shipping group United Shipping & Trading Company, USTC.

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