USTC meaning in Business ?

Answer: What is United Shipping & Trading Company mean?

United Shipping & Trading Company (USTC) is a global group of companies headquartered in Middelfart, Denmark. The largest company in the group is Bunker Holding A/S, one of the world's leading companies in bunker trading and the parent company of several autonomous bunker fuel companies around the world.

USTC Group is represented by 105 own offices in 33 countries (2020) and is actively involved in the global supply of fuel in the shipping industry via Bunker Holding A/S, ship owning via Uni-Tankers A/S that operates a fleet of product and chemical tankers, shipping and logistics via SDK A/S, hedging for fuel price risk via A/S Global Risk Management Ltd., and IT services via Unit IT A/S.

USTC Group has approximately 2,500 employees, and holds a turnover of 76.3 billion DKK (2019/20). The group is owned by Torben Østergaard-Nielsen and his two daughters, Nina Østergaard Borris and Mia Østergaard Nielsen (the first financial step in the planned succession process was implemented in June 2020).

reference

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