Wilhelmsen Marine Fuels, a subsidiary of Wilhelmsen Maritime Services, has been acquired by OW Bunker and will be fully integrated as a wholly owned subsidiary starting July 1, 2014.
“Bunker brokering is not a core activity for us, and we believe that Wilhelmsen Marine Fuels will benefit from and grow as part of an organisation mainly focusing on distributing and reselling marine fuels,” said Dag Schjerven, president and CEO of Wilhelmsen Maritime Services.
With broking services in Oslo, London and Singapore, Wilhelmsen Marine Fuels is servicing customers on a global basis.
The company will continue as a separate business within the OW Bunker group, while at the same time benefit from OW Bunker’s financial strength, scale of business, global network and infrastructure.
“Wilhelmsen Marine Fuels has a strong team and an interesting customer base that fits well into OW Bunker’s integrated business model.
Apart from strengthening our position in Norway, Wilhelmsen Marine Fuel has the potential to support both our reselling and physical distribution activities,” said Götz Lehsten, Executive Vice President at OW Bunker.
[mappress] June 24, 2014