A/S UNITED SHIPPING & TRADING COMPANY
Core data
Name | A/S UNITED SHIPPING & TRADING COMPANY |
Address | Turbinevej 10, 5500, Middelfart |
Founded | Jan 17, 1985 |
| 40 / 37 | |
Locations (P-units) | 1View locations |
Website | https://ustc.dk/ |
 Instagram | @group_ustc |
 LinkedIn | ustc-group |
Branch | Ikke-finansielle hovedsæders aktiviteter (701010) |
Name | A/S UNITED SHIPPING & TRADING COMPANY |
Address | Turbinevej 10, 5500, Middelfart |
Founded | Jan 17, 1985 |
| 40 / 37 | |
Locations (P-units) | 1View locations |
Website | https://ustc.dk/ |
| Instagram | @group_ustc |
| LinkedIn | ustc-group |
Branch | Ikke-finansielle hovedsæders aktiviteter (701010) |
Keep track of A/S UNITED SHIPPING & TRADING COMPANY
Description
USTC (United Shipping & Trading Company) is a privately owned Danish conglomerate, founded in 1876, with a strong presence in global trade and shipping. The Group operates through seven independently managed companies across six industries.
USTC operates across bunkering, shipping, logistics, IT services, sustainable energy, and risk management through its independently managed group companies.
Products & services
Bunkering · Shipping · Logistics · IT services · Sustainable energy · Risk management · Marine fuel and lubricants · Bunker trading · Physical fuel supply
Industries
Global trade · Shipping · Bunkering · Logistics · IT services · Sustainable energy · Risk management
Customer types
Shipping industry · Global trade customers
Analysis by AI ✨
USTC’s latest registered employment was 40 employees and 37 full-time equivalents (FTE) in August 2026. In August 2025, the figures were 40 employees and 38 FTE.
The company’s name changed from Torben Østergaard-Nielsen A/S to A/S United Shipping & Trading Company on 6 May 1998. Its registered address has been Turbinevej 10, 5500 Middelfart since 16 August 2013.
USTC owns 100% of BUNKER HOLDING A/S, which owns 100% of Fueling Maritime (Europe) A/S. USTC also owns 100% of SDK FREJA A/S, which owns 100% of SDK Chartering A/S and SDK Shipping A/S.
Ownership of Northflare Energy Holding A/S changed to 100% from 30 September 2025; the stake had been 66.67–89.99% from 1 May 2023 through 29 September 2025. USTC ceased to own REDERIAKTIESELSKABET NYBORG on 1 September 2025 and Adarts af 1/9-2019 a/s on 9 October 2026.
AI-generated texts are based on registered information, which may be delayed or incomplete. Errors may occur.
Financials
| Reporting period | 2025/261 May 2025 - 30 Apr 2026DKK | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 98,428,187,000 | ||||||||
| Profit before tax | 900,534,000 | ||||||||
| Net income | 736,099,000 | ||||||||
| Total assets | 24,745,371,000 | ||||||||
| Equity | 4,867,112,000 | ||||||||
| Avg. employees | 4,088 | ||||||||
2018–2026 Unlock financial history | |||||||||
Datapublica Risk Score
What goes into the assessment
Financials
Equity ratio, profitability, and liquidity
Accounts and history
Late filings and previous financial distress
Owners and management
Past bankruptcies and owners’ other companies
Company and connections
Age, industry, and shared addresses or contact details
Standard: Score and risk bandPro: Also a detailed explanation of the factors
People
| Person | Roles | Titles |
|---|---|---|
| Christian Pagaard Junker | Roles Board | TitlesNÆSTFORMAND |
| Henrik Andersen | Roles Board | TitlesBESTYRELSESMEDLEM |
| Jeppe Christiansen | Roles Board | TitlesBESTYRELSESMEDLEM |
| Mia Østergaard Rechnitzer | Roles BoardManagement | TitlesBESTYRELSESMEDLEM • DIREKTØR |
| Nina Østergaard | Roles BoardManagement | TitlesBESTYRELSESMEDLEM • ADM. DIR. |
| Peter Hald Appel | Roles Board | TitlesBESTYRELSESMEDLEM |
| Torben Østergaard Nielsen | Roles Board | TitlesFORMAND |
| Jakob Schultz Nielsen | Roles Management | TitlesDIREKTØR |
Auditor
| Audit firm | Auditor | Role | From |
|---|---|---|---|
| PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab | AuditorHenrik Forthoft Lind | RoleState Authorised Public Accountant | FromJul 3, 2026 |
| PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab | AuditorHenrik Kragh | RoleState Authorised Public Accountant | FromJul 3, 2026 |
Legal owners
| Owner | Ownership | Voting rights | From |
|---|---|---|---|
| Ownership100 % | Voting rights100 % | FromJan 2, 1994 |
Child companies
| Company | Ownership | Voting rights | From |
|---|---|---|---|
| Ownership100 % | Voting rights100 % | FromJul 26, 2022 | |
| Ownership100 % | Voting rights100 % | FromJan 2, 1994 | |
| Ownership100 % | Voting rights100 % | FromSep 30, 2025 | |
| Ownership100 % | Voting rights100 % | FromApr 29, 2011 | |
| Ownership100 % | Voting rights100 % | FromApr 30, 2019 | |
| Ownership100 % | Voting rights100 % | FromNov 30, 2016 |
Ultimate owners
| Name | Ownership through | Calculated ownership |
|---|---|---|
| Mia Østergaard Rechnitzer | Ownership through | 33.33–49.99 % |
| Nina Østergaard | Ownership through | 33.33–49.99 % |
| Torben Østergaard Nielsen | Ownership through | 33.33–49.99 % |
Indirectly owned companies
| Name | Ownership through | Calculated ownership |
|---|---|---|
| A/S GLOBAL RISK MANAGEMENT LTD. | Ownership through | 100 % |
| A/S Global Risk Management Ltd. Fondsmæglerselskab | Ownership through | 100 % |
| AuctionConnect A/S | Ownership through | 100 % |
| Bunker One (Europe) A/S | Ownership through | 100 % |
| Fueling Maritime (Europe) A/S | Ownership through | 100 % |
| Northflare Energy A/S | Ownership through | 100 % |
| SDK Chartering A/S | Ownership through | 100 % |
| SDK Shipping A/S | Ownership through | 100 % |
| Shipping Consultancy A/S | Ownership through | 100 % |
| Tideform A/S | Ownership through | 100 % |
| UNI-CHARTERING A/S | Ownership through | 100 % |
| UNI-TANKERS M/T "SAMUS SWAN" ApS | Ownership through | 100 % |
| Uni-Vessels ApS | Ownership through | 100 % |
| Unit IT A/S | Ownership through | 100 % |
| Freja Group ApS | Ownership through | 90–99.99 % |
| FREJA TRANSPORT & LOGISTICS HOLDING A/S | Ownership through | 90–99.99 % |
| DSH Environment ApS | Ownership through | 66.67–89.99 % |
| DSH Recycling A/S | Ownership through | 66.67–89.99 % |
| Nordic Waste A/S | Ownership through | 66.67–89.99 % |
| SDK Stevedore A/S | Ownership through | 50–66.66 % |
| KOMPLEMENTARSELSKABET ESBJERG MARINE SERVICE ApS | Ownership through | 33.33–49.99 % |
| ESBJERG MARINE SERVICE K/S | Ownership through | 25–33.32 % |
| Petrochem Energy SA | Ownership through | Unknown stake |