Hamburg Energy Trading GmbH & Co. KG (HET) on Friday said it has decided to terminate its bunker operations by 30 September, 2020.
To support HET´s decision of exiting the bunkering sector, the company said its Managing Directors Jesper Riis and Peter Højer have decided to purchase HET´s shares in NORbunker A/S.
Following the purchase which came into effect as of 31 July, 2020, Riis and Højer will be the beneficial owners of NORbunker A/S.
NORbunker was established in 2016 and it has since developed a sound portfolio and managed to prove a high level of commercial awareness reflected in its financial performance, said HET.
Photo credit: aymane jdidi
Published: 7 September, 2020
Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd.
While Covid-19 concerns are important, Captain Rahul Choudhuri was quick to note this does not mean bunker fuel related issues have indeed disappeared from the shipping sector.
‘Therefore, representing the players of the Malaysian bunker industry, we sincerely hope that this matter can be refined and reconsidered immediately so that all parties benefit together,’ says communication.
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