USTC – a success story
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The story of A/S United Shipping & Trading Company (USTC) goes right back to 1876, when Julius Mortensen Shipping was founded in Fredericia. 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 as 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.
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In 1980, Torben Østergaard-Nielsen embarked on a process in which bunker activities were to be split off into independent companies – the first became a reality in 1981. The process has continued ever since and the 30 autonomous bunker companies around the world are today the backbone of the Bunker Holding A/S Group – the largest company in USTC.
But USTC is more, much more, than bunkering. Among the other business units is Uni-Tankers A/S, founded in 1989 and since 1995 operating in its current form - in 2005 SHIPPING.DK became the new name for the Group’s shipping unit but its roots go back to 1876 - and Global Risk Management, founded in 2004. The newest branch to spring from the tree is outforce, a natural development of USTC’s in-house IT department.
In 1995 USTC moved to its present head office at Strandvejen in Middelfart, where the pioneering spirit that spawned the company more than 25 years ago is still a very active force.
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