USTC – a success story
The story of A/S United Shipping & Trading Company (USTC) dates right back to 1876, when Julius Mortensen Shipping was founded in Fredericia, Denmark. Almost 100 years later – in 1974 – the company acquired the local shipbroker H. Sommer in Middelfart.
In 1978, the current owner of USTC, Torben Østergaard-Nielsen, was appointed new managing director of H. Sommer’s Eftf. Shipping ApS and extended the company’s business area to include bunker trading – an area that changed rapidly from being a locally-based activity to an international business in its own right.