USTC: We now match our major competitors

The implementation of strategy, new international profiles among the board members, and a solid capital base constitute the culmination of nearly a year’s worth of intensive work within the USTC group: “Now we match the major competitors,” says the owner of the bunker and shipping group USTC Torben Østergaard-Nielsen.

BY OLE ANDERSEN

Published: 12.10.12 at 11:48

The appointment of a list of new international profiles on the board of directors of the oil and shipping group, USTC, and its subsidiaries, is the culmination of nearly a year’s worth of intensive work to create frameworks for new growth in the already rapidly growing business. This is the statement given by Torben Østergaard-Nielsen, the sole proprietor of USTC whose headquarters are located in Middelfart.

The announcement of a strengthening of the top management came on Wednesday, just a few days after the largest company of the group, Bunker Holding, secured a capital base for the coming years with the help of a number of major banks and a new loan facility of 3.7 billion Danish kroner. Bunker Holding is one of the largest bunker companies in the world.

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