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Jeppe Christiansen joins United Shipping and Trading Company board

New board now consists of chairman Torben Østergaard-Nielsen, deputy chairman Klaus Nyborg and Nina Østergaard Borris, Mia Østergaard Rechnitzer, Peter Appel and Christiansen.

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Jeppe Christiansen, founder and CEO of the Maj Invest group, has joined the board of United Shipping and Trading Company (USTC), the parent company of Bunker Holding, said USTC on Monday (15 August). 

As part of company’s move to make significant changes across the USTC group and its individual companies, the changes are expected to boost the development of the Danish family-owned group, where the recently appointed Chief Governance Office and co-owner  Mia Østergaard Rechnitzer is at the forefront of bolstering and diversifying the boards.

USTC BRD Mia Ostergaard Rechnitzer

In recent months, family-owned USTC has been working on strategic changes to the boards of both parent and subsidiary companies. 

The new face to USTC is finance and investment expert Christiansen, founder of Maj Invest and board member of renowned businesses such as Topsoe, Novo Nordisk and Kirkbi, among others. 

Christiansen has unique qualities in relation to strengthening a group like USTC, consisting of several companies such as Bunker Holding, SDK FREJA, Uni-Tankers, Unit IT, and CM Biomass.

Ambitions for continued growth

The driving force behind the strategic changes to the boards comes largely from the second-generation co-owner of USTC, Mia Østergaard Rechnitzer, who in 2021 joined USTC as Head of Corporate Governance, and since May 2022 has held the role of Chief Governance Officer.

“There is no doubt that developing the strategic leadership of our companies is necessary to continue our ambitious commercial growth targets; especially considering the increasing demands for companies to act responsibly, taking care of the environment and prioritising equality and diversity in the workforce,” said Mia Østergaard Rechnitzer, CGO and co-owner of USTC. 

“Therefore, it is extremely important that we can attract and add the required expertise and core competencies where they are needed in the organisation.” 

“We have established a strong foundation for the group, which gives us the opportunity to look ahead and put together even more industry-specific boards within our companies. This enables our boards to become more specialised and working closer towards the individual companies’ strategic needs and development opportunities as well as gain a more even gender composition.”

USTC expects to publish the Group’s first ESG report over the coming months with diversity, equality, and inclusion as particular areas of interest. With the changes to the board of directors in virtually all of USTC’s companies, the Group has taken an important step towards an even gender composition of male and female board members as well as having added multiple international business profiles to the boards .

Merging past virtues and new agendas

In recent years, USTC has been through a targeted acquisition period, where Freja Transport & Logistics and CM Biomass, among others, have been added to the portfolio. The growth of the group has accelerated the demand for development and innovative ideas in management and boards to drive and support the companies’ future growth.

“It is with great pride that the company I have built up over a lifetime can attract such competent board members as Jeppe Christiansen, among others. It is inspiring to work with highly skilled people, who each have unique knowledge and insight to contribute to the continued development of the companies,” said Torben Østergaard-Nielsen, founder and chairman of the board of USTC.

USTC BRD Torben Ostergaard Nielsen

USTC has recently implemented changes in ownership. Founder Torben Østergaard-Nielsen has assumed the role of working chairman of USTC’s board, while the second-generation owners Nina Østergaard Borris and Mia Østergaard Rechnitzer have been appointed CEO and CGO respectively. The owner family is also represented on the boards of all USTC companies, just as Torben Østergaard-Nielsen remains head of the family’s holding and investment company, Selfinvest.

The Board of Directors of USTC

The new board will in future consist of chairman Torben Østergaard-Nielsen, deputy chairman Klaus Nyborg and Nina Østergaard Borris, Mia Østergaard Rechnitzer, Peter Appel and Jeppe Christiansen.

This also means that Torben Janholt, after many years on USTC’s board, has chosen to scale down his board work. Peter Korsholm is also leaving the board to pursue other challenges, including a new role as chairman of the board in the listed company Flügger Group.

In this connection, Torben Østergaard-Nielsen said: “Torben Janholt and Peter Korsholm are both owed a big thank you for their valuable efforts and contribution to the development of the USTC group. They have both left their clear mark on USTC through their many years on our boards.”

Morten Buchgreitz and Peter Frederiksen also leave USTC’s board, while both continue serving the board of Bunker Holding. Peter Frederiksen also continues serving the board of Uni-Tankers, just as Morten Buchgreitz is a board member of CM Biomass.

Related: United Shipping and Trading Company welcomes Nina Østergaard Borris as new CEO

 

Photo credit: United Shipping and Trading Company
Published: 16 August, 2022

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Winding up

Singapore: High Court to hear Norvic Shipping Asia winding up application on 31 July

Application for the winding up of Norvic Shipping Asia Pte Ltd was filed by Netherlands-registered Mur Shipping BV on 8 April, according to Government Gazette notice.

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RESIZED singapore high court

An application for the winding up of Norvic Shipping Asia Pte Ltd was filed by Netherlands-registered Mur Shipping BV on 8 April, according to a Tuesday (21 July) notice on the Government Gazette.

It noted the winding up application is directed to be heard before the Judge sitting in the General Division of the High Court at 10am on 31 July.

Any creditor or contributory of the company desiring to support or oppose the making of an order on the winding up application may appear at the time of hearing by himself or his counsel for that purpose.

A copy of the winding up application will be furnished to any creditor or contributory of the company requiring the copy of the winding up application by the solicitors of the applicant’s, Oon & Bazul LLC, on payment of the regulated charge for the same.

The Applicant’s address is Hiridostraat 5, Gebouw Prismatrium, 1101CW Amsterdam, The Netherlands.

The Applicant’s solicitors are Oon & Bazul LLC of 103 Penang Rd, #04-04/05/06 Singapore 238467. 

Queries on the winding up application may be directed to the following email addresses: [email protected] and [email protected].

 

Photo credit: Manifold Times
Published: 22 July, 2026

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Methanol

World Fuel and partners complete first green methanol bunkering of car carrier in Shanghai

Operation involved the delivery of approximately 2,800 MT of green methanol to “Arctic Tern” via a ship-to-ship transfer using SIPG Energy’s dedicated methanol bunkering vessel “M/V Hai Gang Zhi Yuan”.

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World Fuel and partners complete first green methanol bunkering of car carrier in Shanghai

Marine fuel provider World Fuel on Tuesday (21 July) said it successfully completed the first green methanol bunkering of M/V Arctic Tern, with EUKOR Car Carriers and SIPG Energy at the Port of Shanghai. 

Arctic Tern is the first vessel in the new Shaper Class series of car carriers. 

The operation involved the delivery of approximately 2,800 MT of green methanol to Arctic Tern via a ship-to-ship transfer using SIPG Energy’s dedicated methanol bunkering vessel M/V Hai Gang Zhi Yuan, the largest vessel of its kind in operation. 

The bunkering operation was carried out at Haitong Terminal, Waigaoqiao Port Area, Shanghai Port, with cargo handling operations conducted simultaneously during bunkering.

This marks EUKOR Car Carriers’ first green methanol operation and the first time Arctic Tern has bunkered methanol since its delivery on 9 July. The operation marked the first bunkering at Shanghai Port of green methanol produced locally in Shanghai for an international PCTC operator. 

It also demonstrated the city’s integrated green methanol value chain, spanning local production, storage and bunkering, and established a replicable “Shanghai Model” for green methanol supply.

World Fuel arranged the supply and delivery of the fuel on behalf of EUKOR Car Carriers, working with SIPG Energy as the physical supplier at the Port of Shanghai.

The green methanol supplied was produced from municipal solid waste, ISCC-EU certified, and had a carbon intensity value below 25 gCO₂e/MJ.

Arctic Tern is the first of fourteen Shaper Class vessels ordered by Wallenius Wilhelmsen. With a capacity of 9,300 car equivalent units and methanol dual-fuel capability, the vessel will be operated by EUKOR Car Carriers, jointly owned by Wallenius Wilhelmsen and Hyundai Motor Group. Following her first green methanol bunkering, Arctic Tern will continue her maiden voyage from Asia to Europe.

Xavier Leroi, COO Shipping Services at Wallenius Wilhelmsen and CEO of EUKOR Car Carriers, said: “Completing Arctic Tern’s first green methanol bunkering shortly after delivery is a significant milestone towards our decarbonisation ambition for both EUKOR Car Carriers and Wallenius Wilhelmsen. It demonstrates how investments in next-generation vessel technology and fuel flexibility are being translated into real-world operations. 

“This achievement reflects the strong collaboration between all parties involved. Together, we have shown how partnerships across the maritime value chain can help make lower-emission fuels available and operationally viable at scale.”

Mark Tamsitt, SVP Global Marine Sales at World Fuel, said, “The first bunkering event with a new fuel is a significant moment for any shipowner, and our role is to make it as seamless as possible. By connecting EUKOR Car Carriers with SIPG Energy’s proven green methanol capability at the Port of Shanghai, we were able to deliver on reliable supply, fuel quality, and safe processes. As more of our customers bring methanol dual-fuel tonnage into service, we are committed to being the partner that makes these kinds of operations routine.”

Mr. Zhang Da, General Manager of SIPG Energy, said, “Welcoming Arctic Tern to the Port of Shanghai for her first green methanol bunkering demonstrates the strength and maturity of our supply capability. Building on our well-established methanol ship-to-ship bunkering services for container vessels, we have already extended such services to pure car and truck carriers (PCTCs). This bunkering sets a new record for the largest single SIMOPs green methanol bunkering for PCTCs in China, marking another step in building Shanghai’s position as a global green energy hub for international shipping.”

This operation follows Wallenius Wilhelmsen’s announcement on 9 July that Arctic Tern would complete her first methanol bunkering shortly after delivery. The vessel entered service on routes between Asia and Europe immediately following handover from China Merchants Jinling Shipyard in Nanjing.

 

Photo credit: World Fuel
Published: 22 July, 2026

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Ammonia

HPA and MB Energy develop safety concept for STS ammonia bunkering

HPA says the Port of Hamburg will become “bunker ready” for ammonia, laying the groundwork for safe and reliable ammonia bunkering in the future.

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HPA and MB Energy develop safety concept for STS ammonia bunkering

The Hamburg Port Authority (HPA) and integrated energy company MB Energy on Tuesday (21 July) said they have completed a comprehensive risk analysis and developed a dedicated safety concept for ship-to-ship ammonia bunkering.

MB Energy said the analysis lays the groundwork for the safe introduction of ammonia as a future marine fuel.

“With our planned ammonia import terminal in Hamburg-Blumensand, MB Energy intends to provide the reliable land side supply infrastructure needed to support this transition across northern German ports,” it said in a social media post. 

Mabanaft Group was renamed to MB Energy last year and merged over 50 existing brands under one identity. 

Separately, HPA said the Port of Hamburg will become “bunker ready” for ammonia, laying the groundwork for safe and reliable ammonia bunkering in the future.

“The focus is in particular on container ships, cruise ships as well as RoRo and ConRo (Container/RoRo) ships,” it said. 

“We expect ammonia to establish itself as an alternative marine marine fuel in the coming years. With our preparatory work, we are already creating the conditions to welcome the first ammonia-powered ships in Hamburg and to bunker them safely.:

HPA added that the import terminal for ammonia planned by MB Energy from 2029 will make a decisive contribution to ensuring the reliable availability of ammonia as a bunker fuel in northern German ports in the long term. 

“The use of an ammonia bunker barge is considered a possible addition to the landside infrastructure to enable ship bunkering in the port and beyond in the future,” it said.

Related: Mabanaft Group renames as MB Energy, merging over 50 brands under one identity

 

Photo credit: Hamburg Port Authority
Published: 22 July, 2026

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