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  • Jonas Søndergård

    VP Group Communications & Public Affairs


    Turbinevej 10 5500 Middelfart Denmark
    https://ustc.dk/press.aspx
  • Camilla Pedersen

    Corporate Communications Manager


    Turbinevej 10 5500 Middelfart Denmark
    https://ustc.dk/press.aspx
  • Mads Ingemann Jørgensen

    Communications Consultant


    Turbinevej 10 5500 Middelfart Denmark
    +45 7879 8262
    +45 2779 6787
    https://ustc.dk/

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    Quotes

    “When USTC acquired the majority shares of CM Biomass in 2021, it was because we saw a strong business case and a tremendous synergy potential with the rest of the USTC Group. Since then, CM Biomass has continued to show strong performance and we have been able to profit from the synergies within the Group, especially regarding logistics, shipping and risk management."
    Nina Østergaard Borris, CEO of USTC.
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    Selfinvest and USTC Return to Solid Profit

    Following two financial years marked by significant losses in subsidiaries, Selfinvest and USTC are back on track, delivering a profit before tax and special items of more than DKK 1 billion, securing a place among the Group’s Top 5 financial results.Since USTC was founded as a small local shipping company on the shores of Denmark, the maritime industry has been the driving force behind its expansion. However, substantial losses in Africa within subsidiary Bunker Holding have weighed heavily on the financial performance of Selfinvest and USTC over the past two years. With these

    USTC strengthens position in the biomass market with full ownership of CM Biomass

    United Shipping and Trading Company (USTC) has completed the acquisition of all remaining shares in CM Biomass, thereby becoming the sole owner of the market-leading biomass company.In 2021, the family-owned USTC acquired a majority stake in CM Biomass, a supplier of wood pellets and biomass, as part of a long-term strategy to gradually increase its ownership in the company. In the autumn of 2024, USTC’s ownership share was increased to 89%, and the long-term strategy has now been completed with the acquisition of the remaining 11% of CM Biomass. “Our decision to acquire a majority stake

    A rebound year with challenges for Selfinvest and USTC

    Despite solid results from continuing operations in Selfinvest and USTC’s subsidiaries, this year’s result for the Middelfart-based Group is once again weighed down by losses from discontinued activities. · With a result from continuing operations of DKK 775 million and a profit before tax of DKK 283 million for the parent company Selfinvest, the Group’s financial performance is acceptable, though not at the desired level · Strong contributions from USTC’s companies Uni-Tankers and SDK FREJA helped lift the overall result · The Group has had to absorb further losses this year

    USTC takes on further ownership over CM Biomass

    Danish shipping conglomerate United Shipping and Trading Company (USTC) continues to increase its shares in biomass market leader CM Biomass.PRESS RELEASE Copenhagen, Denmark 29 November 2024 In 2021 when family owned USTC bought a majority share of wood pellet and biomass supplier CM Biomass it was based in a clear strategy of increasing USTC’s shares in the company in the years to come. In the Spring of 2023 USTC increased its ownership by seven percent to 67 percent, and now a little over a year later, USTC is now again taking a leap forward in acquiring an additional 22 percent

    USTC Establishes the Fjord Foundation for the Restoration of Danish Fjords

    With an initial contribution of 50 million Danish kroner, the fund aims to support nature and restoration projects in Danish fjords. Since January, USTC has been working on establishing a foundation to support climate change adaptation, nature restoration, and other projects with a positive impact on the environment. To find the right model that can deliver rapid and maximum impact for the benefit of nature and the environment, a working group under USTC has worked intensively and been in close dialogue with various stakeholders, including Dansk Industri. During this process, it was

    USTC experiences a year of significant losses

    The financial year 2023/24 has proven to be an "Annus Horribilis" for USTC, owned by the Østergaard family. The landslide at Nordic Waste and other isolated losses have resulted in a significant decline in earnings. · Profit before tax for the year amounts to DKK 252 million, a substantial drop from last year's record result of DKK 2,926 million. · The continuing activities of the group delivered the second-best result in the Group's history with DKK 1,834 million, but large losses from the closure of individual activities amounting to DKK 1,582 million must be deducted. · Four

    Global conglomerate USTC publishes second sustainability report

    United Shipping & Trading Company (USTC) publishes their second sustainability report with a focus on setting conglomerate-wide standards. The new report highlights strong frameworks, enhanced opportunities for more sustainable solutions, and giving employees more support in reaching potential across any bias gaps. When publishing Danish, family-owned shipping and energy conglomerate United Shipping & Trading Company’s (USTC) first sustainability report in 2022, it required laying a brand-new foundation for reporting based on new datasets and guidelines. The new 2022/2023 Sustainability

    USTC launches five-year strategy, focus on growth

    New five-year strategy is set to guide the Danish, family-owned conglomerate United Shipping and Trading Company (USTC) on growth trajectory. The cornerstones of the company’s new strategy comprise of expanding the group’s back-office functions and competencies, strong synergies, increased autonomy, and mutual responsibilities. USTC is one of Denmark’s leading companies with subsidiaries in, among other things, shipping, energy, and logistics. Following a series of record-breaking financial years, the Danish, family-owned conglomerate USTC is gearing up to advance the company and its

    USTC and Selfinvest more than double their best consolidated annual result

    Despite geopolitical unrest, inflation, and volatile energy prices, family owned Selfinvest and its operating company USTC emerged with their best financial year to date. Strong results across all USTC companies have contributed to a record EBT of just above DKK 2.9 billion. · An EBT of just over DKK 2.9 billion, which is more than a doubling of last year’s EBT of DKK 1.2 billion. · Revenue grew by 25% from DKK 120 billion to DKK 150 billion. · Four USTC companies each contributed with an EBT of more than DKK 200 million, while a fifth landed just below. A clear underscoring of

    USTC appoints new Vice President from within own ranks

    On June 1[st], 2023, Jonas Søndergård assumed the role of Vice President of Communications & Public Affairs at United Shipping & Trading Company (USTC). Jonas Søndergård already knows his way around USTC, as he has been heading up USTC Group Communications, where he has been responsible for developing both external and internal communication for USTC and its subsidiaries. Today, the family-owned Group consists of well-known companies such as Bunker Holding, SDK FREJA, Uni-Tankers, Selected Car Group, CM Biomass, and Unit IT. USTC is headquartered in Middelfart, Denmark, and operates out

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