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USTC Group buys another company

The Denmark-based USTC Group buys another company as part of the group's digitization work. The acquisition is taking place shortly after the USTC Group took over the majority of trading company CM Biomass.

Torben Østergaard-Nielsen and his family own USTC, United Shipping and Trading Company. | Photo: PR / USTC

USTC Group, which encompasses Bunker Holding and tanker company Uni-Tankers, among others, buys digital platform BunkerEx.

The acquisition is part of the group's digitization work, and will help optimize fuel consumption across the group, writes USTC in a statement.

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