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The USTC Group

Bunker Holding Group

About Bunker Holding

The world’s leading company in bunker trading, supplying marine fuel and lubricants, and risk management solutions

Bunker Holding is the world’s leading company in bunker trading, supplying marine fuel and lubricants, and risk management solutions to the shipping industry. With operations in every major time zone and presence in over 1,500 ports, Bunker Holding ensures that vessels are fueled responsibly, efficiently, and seamlessly. Wherever and whenever needed.

The business spans three core areas: bunker trading, risk management, and physical supply through Bunker One. Across every service, the focus remains clear: keeping global shipping in motion.

As the industry continues to evolve, Bunker Holding remains focused on fueling the global fleet and the world trade.

Key Figures

Profit before tax from continuing operations
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USD million
Equity
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USD million
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The history of Bunker Holding Group

The Legacy that
fuelled a Global Group

Bunker Holding has been a foundational part of the USTC Group’s journey, both historically and strategically. What began in 1981 as a small Danish bunkering business led by Torben Østergaard-Nielsen has grown into a global industry leader. In 1994, Bunker Holding was formally established to consolidate the Group’s bunker activities under one umbrella.

Since then, Bunker Holding has played a key role in USTC’s international expansion and remains the Group’s largest and most globally integrated business. From pioneering independent fuel trading in the 1980s to operating 62 offices worldwide today, Bunker Holding has not only shaped the market but helped shape USTC into the Group it is today.

Still owned by the Østergaard family, Bunker Holding continues to operate with the same long-term commitment, entrepreneurial spirit, and independence that define USTC as a whole.

Bunker Holding around the world

Fuelling world trade

With more than 1,300 employees representing over 50 nationalities, operations in over 60 offices across 32 countries, Bunker Holding is USTC’s most globally integrated company and one of the leading marine fuel suppliers in the world.

Careers

Join Bunker Holding today

Bunker Holding is home to a dynamic global team of fuel traders, analysts, and specialists who help keep global shipping in motion. With offices based in every major trading hub from Middelfart to Singapore, Houston to Dubai, we offer diverse career paths worldwide.

The USTC Group

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