Klaus Nyborg appointed new Chairman of USTC

The owner of bunker and shipping group USTC, Torben Østergaard-Nielsen, describes new changes in his companies as a natural extension of management adjustments.

Photo: Bjørn Marcus Trappaud

Klaus Nyborg has been appointed new Chairman of the USTC group, United Shipping & Trading Co., of which Bunker Holding accounts for a majority of the business, says Torben Østergaard-Nielsen, who owns the Middelfart-based Danish group which achieved a USD 10.6 billion revenue in the last fiscal year.

"The changes are made in natural continuation of the management adjustments in the subsidiaries undertaken in July 2013," says Torben Østergaard-Nielsen, who will himself serve as Chairman of the group's subsidiaries.

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