The OW Bunker bankruptcy has brought opportunities for Danish competitor Bunker Holding, as the latter is now establishing a physical setup based in Aalborg with subsidiary Unioil Supply A/S.

The new company consists exclusively of people from the former OW Supply & Trading, says Bunker Holding in a statement. The company, which primarily purchases and sells bunker, has been working for some time to establish a physical setup and to enter the physical market, though it did not wish to become one of the biggest suppliers.