Bunker suppliers BMS United Bunkers, Bunkernet, and SBI bunkering BV, have entered into a definitive merger agreement to create Baseblue, an industry leader in marine energy solutions.
It is described as a "merger of equals". The purpose is to create a "larger and financially more reliable company" that can offer complete and dependable marine energy solutions to a broader clientele.
Baseblue plans to offer alternative fuels, emissions trading, and digital optimization. Also risk management consulting, quality testing, surveying and post-fixture services. Customers will be able to track the vessel’s progress in real-time, enabling them to fix problems before they happen.
Lars H. Nielsen of BMS is CEO. Gregoris Gregoriou, Managing Director of Bunkernet, is Chief Commercial Officer, and Dave Gregory, General Manager of SBI, is Managing Director of Baseblue North Europe. Antonis Xiros is appointed Chief Operating Officer and Nicholas Argyrou will be appointed Key Account Director.
The new company will have offices in Greece, Argentina, Cyprus, Hong Kong, and the Netherlands. Baseblue will employ over 80 specialists.
"Baseblue brings together the best of the three leading brands to deliver more comprehensive bunkering management proposal in the market. We are committed to delivering real unrivalled value through tailor-made services," says Lars Nielsen, Baseblue CEO.
SBI Bunkering brings traders into the company, who have done future fuel trading.
The company wil also provide up-to-date knowledge and guidance on upcoming legislation, the availability and supply of alternative fuels to help businesses meet their emissions reduction targets.
There is a transition period running until the end of April while the merger is put into place. Customers should not experience any changes in daily operations.