Thu 20 Nov 2014, 11:07 GMT

'Six to eight' potentital OW Bunker buyers


Companies are domestic and foreign competitors of OW, says BusinessAalborg manager.



Negotiations for the sale of OW Bunker are taking place with "six to eight companies", Danish newspaper Berlingske reports.

In an article published today, entitled 'Only a handful of large buyers for OW', the news service includes an interview with Tonny Skovsted Thorup [pictured], Business Manager at BusinessAalborg - an initiative with a mission to support growth and jobs in Aalborg, North Jutland.

Skovsted is quoted as saying: "We are probing the market, but if you look at some of those who are most obvious, we are down to six to eight pieces. It is both domestic and foreign competitors of OW."

Skovsted did not reveal the stage of the negotiations, but explained that potential investors would be interested in OW Bunker's customer data, their IT systems and, in particular, their employees.

"Many of the [OW Bunker] employees are of interest to related industries. We have a lot of trading companies dealing with electricity and food and so on, and we have received many inquiries from several in Aalborg, who are interested in OW Bunker's employees," Skovsted told Berlingske.

Keld R. Demant, the CEO of Bunker Holding A/S - part of United Shipping & Trading Company (USTC) group and owner of marine fuel specialists A/S Dan-Bunkering Ltd and A/S Trumf Bunker - has already publicly confirmed that he thinks there is a good opportunity for his firm to employ some former OW Bunker members of staff.

Steen Møller, Managing Director of Nordic Marine Oil and Malik Supply, also recently said that Nordic Marine Oil was prepared to take part of OW Bunker's workforce.

"It is important to keep as much of OW Bunker's turnover in Denmark as possible," Møller said in an emailed statement on November 11.

"We have suffered in terms of image loss in the bunker industry, but it is not impossible to maintain a large portion of the $100 billion turnover which is now in play in Danish hands. Both we and others are ready to take over parts of the workforce and turnover, and in our view it is urgent to re-establish confidence in the Danish industry," he added.


J-ENG 6UEC35LSGH hydrogen-fuelled engine unveiling. Japan Engine completes land-based testing of landmark hydrogen-fuelled engine for large vessels  

Hydrogen co-firing rate of at least 95% achieved during factory testing.

Aerial view of tanker vessel at sea. Ethanol edges into shipping’s fuel mix as methanol crossover eases adoption barriers  

Rising interest from cargo owners, shared technology with methanol and Brazilian production growth push ethanol beyond regional niche status.

AiP award ceremony for multi-purpose fuel tank and FGSS design. ABS grants Hanwha Ocean approval for dual-fuel tank enabling LNG-to-ammonia switch  

In-principle approval awarded for fuel tank and supply system enabling LNG carriers to convert to ammonia without replacement.

Lloyd's Register issues Factual Statement (FS) for PureMetrics CEMS. Lloyd's Register confirms suitability of Daphne Technology's emissions monitoring system  

Factual Statement validates the PureMetrics design for monitoring greenhouse gas emissions from marine engines.

IMO building with national flags. IMO issues shipboard biofuel blend checklist developed by IBIA  

Checklist for FAME-based biofuels formally incorporated into IMO document, supporting crews handling biofuel blends for the first time.

YM Weight naming ceremony. Yang Ming names fourth LNG dual-fuel container vessel YM Weight  

Newbuild features high-pressure dual-fuel main engines capable of running on either LNG or low-sulphur fuel oil.

Bureau Veritas grants AiP to SDARI. Bureau Veritas grants AiP to SDARI’s LNG dual-fuel liquefied CO₂ carrier design  

Classification society approves 85,000-cbm vessel concept designed to support the growing carbon capture and storage sector.

Houston skyline at night. JuWonOil looking to strengthen with two Houston hires  

Texas-based firm is recruiting a marine lubricants sales executive and a marine fuels and distillates trader.

Lloyd's Register (LR), Seapeak, Kongsberg Maritime and Tunable JDP launch. Four firms partner to trial continuous emissions monitoring on LNG carrier  

LR, Seapeak, Kongsberg Maritime and Tunable will test onboard CO₂ monitoring against engine data and default emissions factors.

Bunker Holding logo. Bunker Holding reshuffles commercial leadership across brand portfolio  

Appointments announced across KPI OceanConnect, Glander International Bunkering and its digital sales operations.