Sign up
Log in Sign up
Tue 24 Nov 2009 02:31

Bominflot acquires control of SBI -source


German bunker supplier is reported to have acquired rival firm SBI Holding BV.

German marine fuel supplier Bominflot Bunkergesellschaft mbH & Co. KG has acquired control of rival bunker firm SBI Holding BV , according to news agency Reuters.

In a document listing mergers and acquisitions currently under review by the European Commission, Bominflot is said to have already taken control of 'the whole of SBI Holding BV' and to have notified the European Commission about the acquisition on November 18th. The review deadline date is December 23rd.

The European Commission has 25 working days after a deal is filed for a first-stage review. This may be extended to 35 working days, to consider either a company's proposed remedies or an EU member state's request to handle the case.

Most mergers win approval but occasionally the Commission opens a detailed second-stage investigation for up to 90 additional working days, which it may extend to 105 working days.

Bominflot is a leading global marine fuel supplier and trader with physical supply operations in a number of locations including Germany, Gibraltar, Panama, Las Palmas, Ceuta, Genoa, Kali Limenes, Singapore, Hong Kong, Houston, New York and Philadelphia.

Dutch firm SBI Holding BV is controlled by Seatrade Holding BV. SBI has been operating as a worldwide trader of bunker fuels and lubricating oils since 1990. Its network includes Cyprus-based Sea Med Bunkering Ltd., US broker Sea Bunkering Americas LLC and Oliehandel Klaas de Boer BV, a physical bunker supplier in Amsterdam, IJmuiden and Rotterdam.

Marius Kairys, CEO of Elenger Sp. z o.o. Elenger enters Polish LNG bunkering market with ferry refuelling operation  

Baltic energy firm completes maiden truck-to-ship LNG delivery in Gdansk.
Samsung Heavy Industries (SHI) virtual reality (VR) training program developed in collaboration with Evergreen. SHI develops VR training solutions for Evergreen's methanol-fuelled ships  

Shipbuilder creates virtual reality program for 16,500 TEU boxship operations.
Illustratic image of Itochu's newbuild ammonia bunkering vessel, scheduled for delivery in September 2027. Itochu orders 5,000 cbm ammonia bunker vessel  

Japanese firm targets Singapore demonstration after October 2027, with Zeta Bunkering lined up to perform deliveries.
Bunkering of the Glovis Selene car carrier. Shell completes first LNG bunkering operation with Hyundai Glovis in Singapore  

Energy major supplies fuel to South Korean logistics firm's dual-fuel vessel.
Orient Overseas Container Line (OOCL) vessel. CPN delivers first B30 marine gasoil to OOCL in Hong Kong  

Chimbusco Pan Nation claims to be first in region to supply all grades of ISCC-EU certified marine biofuel.
The Buffalo 404 barge, owned by Buffalo Marine Service Inc., performing a bunker delivery. TFG Marine installs first ISO-certified mass flow meter on US Gulf bunker barge  

Installation marks expansion of company's digitalisation programme across global fleet.
Sogestran's fuel supply vessel, the Anatife, at the port of Belle-Île-en-Mer. Sogestran's HVO-powered tanker achieves 78% CO2 reduction on French island fuel runs  

Small tanker Anatife saves fuel while supplying Belle-Île and Île d'Yeu.
Crowley 1,400 TEU LNG-powered containership, Tiscapa. Crowley deploys LNG-powered boxship Tiscapa for Caribbean and Central American routes  

Vessel is the third in company's Avance Class fleet to enter service.
The inland LNG bunker vessel LNG London. LNG London completes 1,000 bunkering operations in Rotterdam and Antwerp  

Delivery vessel reaches milestone after five years of operations across ARA hub.
The M.V. COSCO Shipping Yangpu, China's first methanol dual-fuel containership. COSCO vessel completes maiden green methanol bunkering at Yangpu  

China's first methanol dual-fuel containership refuels with green methanol derived from urban waste.

↑  Back to Top


 Recommended