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Dan-Bunkering and Amoil to merge on 1 January 2023 under Dan-Bunkering brand

31 Oct 2022

Dan-Bunkering on Friday (28 October) announced it will be merging with South-African bunker fuel supplier Amoil on 1 January, 2023 under one combined brand, Dan-Bunkering.

The move, which follows the recent merger between Dan-Bunkering and SABT in the spring of 2022, continues industry consolidation in the bunkering industry. 

“The two companies share almost the same seniority within the bunker industry amongst many other similarities that will create further synergies following the combining of forces,” Dan-Bunkering said. 

By merging the companies, Dan-Bunkering said it can take an even stronger position in especially the African market and bring synergies into play that will help further develop the business and cater for the growing sustainable fuels market. 

Managing Director of Dan-Bunkering South Africa, Jon Hughes, said: “By joining forces with a solid and experienced brand, we are able to stand even stronger in especially the African market. We look forward to leveraging all the skills and knowledge across both companies so we can scale our business even further, and I look very much forward to welcoming the very experienced people to our team,” says Jon Hughes. 

Established in 1984, Amoil has been operating out of Durban for the past 38 years, servicing clients as the first independent bunkering company in South Africa.  

Managing Director of Amoil, Alexandros Margaritis, said: “I am excited that two such experienced brands are partnering up and creating synergies to secure continuous growth in a volatile and changeable market. Joining forces with a well-established and global company such as Dan-Bunkering creates many opportunities for both of us, and I am confident that we as a team will stand strong in both the African but also the global bunker market.” 

In addition, all existing contracts and customer relations will continue unaffected by the merger.

 

Photo credit: Dan-Bunkering
Published: 31 October, 2022

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