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OW Bunker New Corporate Strategy

Maritime Activity Reports, Inc.

June 25, 2010

OW Bunker, supplier and traders of marine fuel, announced that it is implementing a new corporate strategy.  The process, which will be completed by 2011, will see the implementation of a global business and sales strategy that is devolved from a central function, and delivered and managed across five key regions; Asia, Northern Europe, Central Europe, The Mediterranean and the Middle East and South America.

In conjunction with delivering this strategy, OW Bunker is undertaking a recruitment process, which will see the appointment of new Regional Directors, a Global Sales Director, as well as a number of Regional and Global Sales Account Executives.  Recruits will come from both within the business, as well as external appointments.

Morten Skou, Executive Vice President, OW Bunker, said: “Our objective is to create a foundation so that the Group can sustain its significant growth, while ensuring that we continue to provide our customers with the best possible service.  Our new strategy will empower the regions where we have a major presence to take responsibility for strategic decisions at a local level, which will increase the momentum of meeting our Group corporate objectives and expediting global growth.”

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