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

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.

Seatransport 73m SLV Lloyd’s Register grants approval for hybrid nuclear power design for amphibious vessels  

Classification society approves Seatransport’s concept integrating micro modular reactors with diesel-electric systems.
Everllence ME-LGIE engine. Everllence and Vale partner on ethanol-powered marine engine development  

Brazilian mining company to develop dual-fuel ethanol engines based on ME-LGI platform.
India flag. Emvolon highlights biomethanol as a solution to unlock India’s biogas potential  

Company says distributed biogas-to-biomethanol production could bridge rural feedstock with maritime fuel demand.
Grande Svezia vessel. Grimaldi's Grande Svezia makes inaugural Le Havre call with ammonia-ready design  

Second of 10 new-generation PCTCs features 5 MWh battery system and cold ironing capability.
Cable lay vessel (CLV) render. Kongsberg Maritime to supply integrated systems for LS Marine Solution cable lay vessel  

Norwegian technology provider wins contract for ultra-large vessel being built at Tersan Shipyard in Türkiye.
Maersk Finisterre vessel. Synergy Marine takes on management of methanol dual-fuel container vessel  

The 5,915-teu Maersk Finisterre joins Synergy's fleet under technical management from Synergy Pacific.
Pristine ABP Port Office. Verde Marine Energy appoints Steve Taylor as UK director  

Taylor will be based on the River Humber, working with Vertom Group businesses.
Ammonia Fuel Supply System (AFSS). Mitsubishi Shipbuilding delivers first ammonia fuel supply systems for marine engines  

Systems shipped to Japan Engine Corporation for integration with an ammonia-fuelled marine engine.
Power2X and HyCC logos. Power2X acquires HyCC to expand green hydrogen portfolio in the Netherlands and Germany  

Deal consolidates clean molecules sector as projects transition from development to large-scale delivery phase.
Person signing a document. RFOcean signs binding e-methanol supply deal with ETFuels from 2030  

European shipping company secures fixed-price green fuel ahead of escalating EU maritime emissions penalties.




 Recommended