World News
BMS United Bunkers Merges With Asia Specialist International Bunker Services
BMS United Bunkers Group today announced that, effective May 1, 2016, it will merge with Asia specialist International Bunker Services (IBS), creating what it says will be one of the largest bunker trading groups not only in Asia, but globally.
"BMS United Bunkers has been looking for a partner to further strengthen our position in key areas in the Asian region. International Bunker Services is a perfect match, adding strategically important offices and knowledge to our Group," said Executive Group Director Lars Nielsen.
"Both companies share the values of service excellence and partnership, while we both have the mentality of always putting the customer first. To my belief this is how the way for a successful business is paved. Finally, we expect a lot of synergies from this union, not only in respect of offering more efficient and economical solutions to our clients, but also from bringing more volume to our suppliers and enhancing our operational efficiency."
BMS United Bunkers and International Bunker Services will, for the immediate future at least, continue under their existing brand names, under the BMS United Bunkers Group umbrella.
Managing Director of International Bunker Services Rong Zhou commented: "I am very happy for the warm welcome to the BMS United Bunkers Group. I am of the strong belief that we have found the perfect partner who will allow us to continue our strong focus in the region, as well as supporting our customers for their Global business."
Managing Director of BMS United Bunkers South East Asia George Kounalakis comments: "With the addition of the strong team of International Bunker Services complementing our efforts in Hong Kong, and the incorporation of an office in Far East Russia, we now stand as a leading bunker trading Group in the region."
BMS United Bunkers Group has a presence in Greece, Cyprus, Hong Kong, Singapore, Far East Russia, Indonesia, China, and Argentina.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 641.00 | 4.00 | 762.00 | 5.50 |
| Rotterdam | 599.00 | 1.00 | 751.00 | 0.50 |
| Houston | 629.50 | 2.00 | 802.50 | 6.50 |
| Fujairah | 647.50 | 2.00 | 883.50 | 5.50 |
| Global 20 Ports Average | 661.50 | 3.50 | 859.00 | 5.00 |
| Global 4 Ports Average | 629.50 | 1.00 | 799.50 | 1.50 |
| Global Average Bunker Price | 719.00 | 3.50 | 915.00 | 7.50 |
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