In 2021, United Shipping & Trading Company (USTC) acquired a majority stake in CM Biomass, further solidifying USTC’s global influence in the shipping and trading industries. USTC now owns 66.9% of CM Biomass, with the remaining 33.1% held by the founding family. Operating as an independent entity within USTC’s extensive portfolio, we benefit from the strategic support and resources of a globally recognized conglomerate. USTC’s diverse portfolio includes sectors such as fuel and energy, shipping & logistics, risk management, car activities, and IT, providing a robust foundation for our continued growth.

About USTC

Founded in 1876 in Fredericia, Denmark, USTC is a family-owned enterprise that has grown into a global powerhouse. The group encompasses several renowned companies, including Bunker Holding, SDK FREJA, Uni-Tankers, Selected Car Group, and Unit IT. With around 130 offices worldwide and approximately 3,500 employees, USTC’s influence spans various industries, making it a significant player in the global market. For more information, visit www.ustc.dk.