Wilhelmsen Ships Service, owning 60% of the shares in Wilhelmsen Premier Marine Fuels has purchased the remaining 40% of the shares from Mr Tim Kemp. Wilhelmsen Ships Service now has 100% 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. The company operates in Oslo, Singapore, London and Cape Town.
Mr Kemp, who held a senior position in Wilhelmsen Premier Marine Fuels before the sale, will remain with the company in a key position. “We are pleased that Tim Kemp will continue with us,” says 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 adds.
Being part of Wilhelmsen Ships Service and the world’s largest marine service network also creates significant opportunities for growth through more cross-sales, comments Knut Bjørnebye, President of Wilhelmsen Premier Marine Fuels: “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 sale is a pure ownership interest transfer and has no consequences for the company's customers or employees.
For more information 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