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Bunker Holding subsidiary predicts increased consolidation in bunker business

The bunker industry could face increased consolidation after the corona pandemic and oil price collapse, says CEO of Glander International Bunkering, a subsidiary of Bunker Holding. The company finished 2019 with a surge in revenue and earnings.

Photo: PR / Bunker Holding

The global pandemic and the collapse in oil prices could very well provide a further boost to consolidation in the bunker business, assesses bunker firm Glander International Bunkering, part of the Bunker Holding group.

"I would not be surprised if the coming year leads to more consolidation in the industry, with strong companies emerging even stronger," says Carsten Ladekjær, chief executive at Glander International Bunkering, in a statement.

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