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Wilhelmsen Ships Service, owner of 60 percent of the shares in Wilhelmsen Premier Marine Fuels has purchased the remaining 40 percent of the shares from Tim Kemp.

Wilhelmsen Ships Service now has 100 percent ownership in Wilhelmsen Premier Marine Fuels, one of the largest independent bunker brokers in the world.

Wilhelmsen Premier Marine Fuels was established on 4 January 2007 as a result of a merger of Wilhelmsen Bunkers and Premier Marine Fuels. The company is managed within Wilhelmsen Ships Service and handles 8 million tons of bunkers annually, operating offices in Oslo, Singapore, London and Cape Town.

Mr Kemp, who held a senior position in Wilhelmsen Premier Marine Fuels before the sale and was Managing Director of Premier Marine Fuels, will remain with the company in a key position.

“We are pleased that Tim Kemp will continue with us,” said David Tandy, president of Wilhelmsen Ships Service.

“Tim’s competence and experience in this market will be a great asset to us in the period ahead,” he added.

Commenting on the news, Knut Bjørnebye, President of Wilhelmsen Premier Marine Fuels said there would be significant opportunities for growth through an increase in cross-sales “Wilhelmsen Ships Service serves around 6,000 customers, many of whom also do business with Wilhelmsen Premier Marine Fuels. We believe that a lot of customers are looking for ways to improve their operating efficiency and we have a lot to offer in this area.”

The company said the share sale was a pure ownership interest transfer and would have no consequences for the company's customers or employees.

For more information please contact:

Knut Bjørnebye, President, Wilhelmsen Premier Marine fuels on +47 67584296
Email: knut.bjornebye@wilhelmsen.com

David Tandy, President, Wilhelmsen Ships Service on +47 67 58 45 50
Email: david.tandy@wilhelmsen.com