Bunker Holding looks like the front-runner in acquisition race

Bunker Holding will lead the charge in consolidating the bunker market, says an analyst with extensive knowledge of the market. He points to a competitor with a for-sale sign as an obvious target for the bunker group.

Photo: Edgar Su/Reuters/Ritzau Scanpix

Bunker Holding, which acquired a competitor on Monday, is well placed to take the lead in consolidating the bunker sector, says an analyst with extensive knowledge of the market for ship fuel.

"Bunker Holding remains a buyer. The other big companies will grow organically," says Jason Silber, founder & managing director of maritime credit reporting agency Seacred.

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