United Shipping & Trading Company (USTC) is a family-owned global group of companies headquartered in Middelfart, Denmark. Founded in 1876 as Julius Mortensen Shipping in Fredericia, Denmark, USTC has evolved into a diverse conglomerate with activities in oil & energy, shipping & logistics, ship owning, risk management, car activities, IT, sustainable energy, and environment & recycling[1][3][5]. ### Key Facts: - Ownership: Owned by Torben stergaard-Nielsen and his two daughters, Nina stergaard Borris and Mia stergaard Rechnitzer[1][3]. - Business Units: - Bunker Holding A/S: The largest company in the group, specializing in bunker trading with operations in 34 countries[1][3]. - Uni-Tankers A/S: Engaged in ship owning and operates a fleet of product and chemical tankers[1][3]. - SDK FREJA A/S: Focuses on shipping and logistics[1]. - Unit IT A/S: Provides IT services[1]. - Global Risk Management: Offers hedging solutions for fuel price risks[3]. - CM Biomass Partners A/S: Involved in sustainable energy, with USTC acquiring a majority stake in 2021[1][5]. - Global Presence: Represented by over 140 offices in 40 countries, employing more than 4,000 people[1]. - Financials: The group has a turnover of 118.5 billion DKK and an equity of 4.3 billion DKK (2021/22)[1]. ### Leadership and Structure: - CEO: Nina stergaard Borris, who took over in 2022[1]. - Chief Governance Officer: Mia stergaard Rechnitzer[1]. - Working Chairman of the Board: Torben stergaard-Nielsen[1]. ### History: - Founded in 1876, USTC has undergone significant transformations, including diversification into bunker trading under Torben stergaard-Nielsen's leadership[1].