O.W. Bunker has expanded their activities in the Far East with the establishment of O.W. Bunker China Ltd. The new company will be situated in Hong Kong and is the result of the purchase of all activities from South Horizons International Petroleum Ltd. (SHIP), Hong Kong. With effect from 1st May, 2004, all bunker activities of SHIP Hong Kong will be transferred to the newly established company. O.W. Bunker China Ltd. will concentrate their trading activities within the rapidly developing Chinese market. Mr.