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A/S Dan-Bunkering Ltd., part of United Shipping & Trading Company (USTC) group and one of the world's leading bunker trading companies, has said that its new business operation in the principality of Monaco is "off to a great start".

The new business, Dan-Bunkering (Monaco) S.A.M., was launched at the start of February 2011 and is said to have had a positive first month. In a statement, Dan-Bunkering said: "The office has been open for a few weeks only, but is already fulfilling all expectations, and has been very well received within the bunker business."

The office is headed by Managing Director Jesper Møller Christensen, who was appointed at the start of the year ahead of the launch. Working alongside him is experienced trader Olga Balaban, who was promoted to the role of Senior Bunker Trader and Sales Manager in January.

The company said that it expects to recruit additional personnel to work at its Monaco office in the near future.

Contact details for the Dan-Bunkering Monaco office are as follows:

Dan-Bunkering (Monaco) S.A.M.
4, Avenue des Citronniers
“Le Mirabel” 6th floor, No. 605
98000 Monaco
Phone: +377 97 77 54 01
Fax: +377 97 77 53 01
E-mail: monaco@dan-bunkering.mc

Jesper Møller Christensen
Managing Director
Direct line: +377 97 77 63 20
Mobile: +377 6 80 86 99 22
E-mail: jmc@dan-bunkering.mc

Olga Balaban
Senior Bunker Trader & Sales Manager
Direct line: +377 97 77 63 33
Mobile: +377 6 78 63 40 64
E-mail: olb@dan-bunkering.mc