Bunker Holding buys LQM

Bunker Holding buys LQM

San Francisco: Bunker Holding Group has bought the brokerage LQM Petroleum Services for an undisclosed sum.

“The acquisition of LQM is a logical step in Bunker Holding’s growth strategy and brings together two family-owned businesses with similar values and a long history of working well together,” said Bunker Holding’s ceo, Keld Demant.

“LQM is an excellent fit. It diversifies Bunker Holding beyond trading, providing a pure broker solution to customers who require it and strengthens our presence in the US market for blue-chip, high-volume customers.”

LQM is one of the largest international marine fuel oil brokers handling approximately 10m metric tons a year.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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