New company salvaging the wreck of OW Bunker

New company will use staff of bankrupt Bunker to fuel ambitious plan

Dec 12, 2014

Børsen reports that Torben Østergaard-Nielsen, an oil Tycoon from Funen, is raising a phoenix from the ashes of what was previously Denmark’s second-biggest company – the now defunct OW Bunker.

Østergaard-Nielsen, who is the ultimate owner of OW Bunker’s parent company Bunker Holdings, is taking on some of the former employees of the marine fuel giant’s OW Supply and Trading division for the new company, Unioil Supply, which will be based in Aalborg.

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“They all have a unique insight into running and optimising oil stocks and were responsible for OW Bunker's physical set-up in Denmark and the Nordic countries,” Keld R Demant, the head of Bunker Holdings, said in a press release.

Bunker Holdings has until now not been involved in the physical delivery of fuel. It has concentrated on purchasing, selling and distributing without delivering directly to ships. Unioil Supply will perform this function, as OW Bunker previously did.

Unioil aims to become the biggest physical supplier of marine fuel in Scandinavia.

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New company salvaging the wreck of OW Bunker

New US Arctic security strategy co-opts Denmark as Russia deterrent

Anti-whaling activist and Greenpeace co-founder Paul Watson arrested in Greenland

Migratory birds bring dangerous ticks to Denmark

Planes grounded in CPH as worldwide IT outage hits airlines, media and banks

CrowdStrike director: IT outage issue “has been identifed”

Foreign labour contributes DKK 76 billion to Danish economy in three months

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How internationals can benefit from joining trade unions

Internationals in Denmark rarely join a trade union

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