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O.W. Bunker, one of the world’s leading suppliers and traders of marine fuel, has today announced the appointment of a new Branch Manager for its Hamburg office.

Effective from March 2010, Edmund Danielzik will take responsibility for running subsidiary divisions Wrist Bunker Supply GmbH and Wrist World Wide Trading GmbH.

Edmund Danielzik, 42, joins OW Bunker with 12 years of experience of operating in the fund and asset management industries. He also holds a masters degree in business and economics.

OW Bunker is one of the largest fuel suppliers in Germany since its establishment in 1993, providing its customers with fuel oil, diesel, and gas oil products, as well as lubricants from Hamburg, the river Elbe up to Cuxhaven, Kiel port and along the Weser river, as well as from Wilhelmshaven and Emden.

In 2009, the company also commenced physical operations in the port of Lübeck and Lübeck-Travemünde. OW Bunker’s physical operations are supported by state of the art bunker barges and vessels as well as shore tanks.

The company also provides advanced risk management services for its customers in the region - a service which OW Bunker considers to be 'critical' as ship owners and operators continue to feel the pressure of the economic downturn, fluctuations in fuel prices, as well as the onset of more elements of risk, such as counterparty risk. "Mitigating this, as well as controlling and locking in costs is central to maintaining profitability," OW Bunker said in a statement.

Commenting on the appointment, Götz Lehsten, Vice President, OW Bunker, said: “Maintaining our leading position in Northern Europe is a key element of our growth strategy. As well as ensuring that we have the capabilities to provide our customers with product and service excellence, it is vital that we have the right people in the business to take it forward to new heights.

"Edmund’s experience of the financial markets, knowledge of trading and leadership ability will add real value to the team in Hamburg and our growing customer base. I am confident that he will make a significant impact and contribute directly to the continuing growth and success of the company in the region.”