KPI Bridge Oil says it has agreed to acquire OceanConnect Marine creating a leading bunker business with 170 employees across 15 global locations.
The deal, which is still subject to regulatory approval, will result in the formation of an entirely new brand and entity, known as KPI OceanConnect.
“Both KPI Bridge Oil and OceanConnect have a rich maritime heritage dating back almost 50 years and a reputation for integrity and trust in the market. The new entity will benefit from numerous other synergies, bringing together a wealth of knowledge, expertise and resources,” KPI Bridge Oil said in a statement.
The new entity will led KPI Bridge Oil’s current CEO, Søren Høll.
“Our people remain our strongest asset and will play an important role in driving our growth strategy and delivering added value for our business partners going forward,” Høll said. “All team members will benefit from fresh opportunities, being part of an ambitious new company, and we will continue our strong focus on personal and professional development as well as on providing outstanding career opportunities globally.”
OceanConnect Marine is wholly owned by Glencore Plc.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 108,883 members that receive our newsletter.
Have a news tip? Let us know.
US President Donald Trump has raised the stakes for a meeting of an OPEC+ ministerial panel next month, with his call for the group to lower oil prices.
Vessels in the northern Gulf have received multiple VHF radio challenges, including demands to alter course, the United Kingdom Maritime Trade Operations said on Friday, adding they could be part of an Iranian military exercise.
LONDON, Jan 24 (Reuters) – The Russian Embassy in London said that Russia posed no threat to undersea cables in Britain and other NATO countries, after UK defence minister John Healey accused Moscow of “malign...
Maritime and offshore news trusted by our 108,883 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
