Clarksons Bunker Group becomes OceanConnect UK Limited

Clarksons announced that it is increasing its equity share in OceanConnect following OceanConnect's acquisition of the Clarksons Bunker Group. The move adds five professional fuel brokers to OceanConnect's London group, making it one of the largest brokering teams in London. OceanConnect UK Ltd, OceanConnect's London affiliate, will handle all bunker transactions previously serviced by Clarksons Bunker Group.

"Clarksons and OceanConnect began a joint marketing and services agreement in March 2001. Combining the best traditional broker services with the efficiencies of ecommerce enabled OceanConnect to provide our customers with a superior brokering service. The results were outstanding. By working together, we moved beyond brokering. Our customers benefited from a range of choices that no other broker can offer," OceanConnect President Thomas Reilly said.