ShippingWatch

Bunker Holding CEO banks on new acquisition this year

Approximately one year ago, Bunker Holding acquired the world's largest brokerage firm. Today the bunker carrier is in the midst of concrete negotiations for a new acquisition, CEO Keld R. Demant tells ShippingWatch.

Photo: PR-foto/Bunker Holding

Bunker Holding CEO Keld R. Demant does not mince words when asked about the company's acquisition ambitions. When the consolidation wave washes over the sector, the company will be ready.

Although a concrete consolidation process has not hit the bunker industry quite yet, Bunker Holding has already taken small steps on that front. One year ago, the Danish bunker company bought US-based LQM, the world's largest brokerage firm in the global market for bunkers. And more acquisitions will likely come before long.

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