World News
Forbes: OW Bunker One of the 2000 "Biggest, Most Powerful, and Most Valuable Companies in the World"
OW Bunker has been ranked at number 1768 in Forbes' latest annual Global 2000 ranking of "the biggest, most powerful, and most valuable companies in the world", which were announced this month.
And with sales of $16.99 billion, the recently listed Danish bunker company is ranked number 522 for sales amongst the world's top public companies.
OW Bunker joins fellow marine fuel player World Fuel Services Corp. [NYSE:INT] (WFS) who this year were ranked number 1545, and 213th for sales of $41.54 billion.
After considerable speculation, in March shares of OW Bunker opened at 17.9 percent above the company's initial public offering (IPO) price on the Nasdaq OMX Copenhagen exchange, after the IPO closed early due to "strong interest and demand from investors."
At the time, Sydbank analyst Jacob Pedersen said "investors have accepted OW Bunker as both a dividend and a growth story."
The full listing of Forbes' Global 2000 is in the May 26 issue of Forbes magazine.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 523.00 | 7.50 | 685.00 | 7.50 |
| Rotterdam | 518.50 | 2.00 | 728.00 | 5.00 |
| Houston | 496.50 | 0.50 | 701.50 | 1.50 |
| Fujairah | 516.50 | 5.50 | 732.50 | 1.50 |
| Global 20 Ports Average | 554.00 | 3.50 | 779.00 | 6.50 |
| Global 4 Ports Average | 513.50 | 4.00 | 712.00 | 1.00 |
| Global Average Bunker Price | 590.50 | 4.50 | 820.00 | 4.00 |
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Jul 11The firm sold more than one million mt of marine fuels in Singapore in 2024. -
Jul 11The ship was built in 2008 and came to Singapore earlier this month after previously visiting Taiwan and China. -
Jul 10CEO Carsten Ladekjær said the firm will adapt to new changes in the fast-changing market.