Danish marine fuel giant Bunker Holding is growing even larger after KPI Bridge Oil, one of its main group firms, acquired OceanConnect Marine from Glencore.
Many industry participants have long considered the bunker industry ripe for consolidation, and the IMO 2020 regulations now require fuel suppliers to have both technical expertise and strong credit profiles.
Sharing a similar view, KPI Bridge chief executive Soren Holl told TradeWinds: “Going forward, there will be further consolidations ...
