Press Releases

Hamburg
May 24, 2005

Mabanaft Centralises its International Trading Activities in Rotterdam

Mabanaft decided to centralise the international trading activities of Mabanaft International GmbH & Co. KG and B. V. Mabanaft in Rotterdam. As a consequence we therefore will terminate all trading activities in Mabanaft International GmbH & Co. KG in Hamburg and will continue and centralise these in Rotterdam bundling our activities under the leadership of Willem van der Velden.

In developing this strategy Jens Hoffmann and Christian Hanky have stated their intention to continue their career in a different environment and both decided to leave Mabanaft.

After the termination of the trading activities in Mabanaft International we will modify this company into an operational service entity. This means that all operational activities related to this respective Cargo Trading will be handled by this team out of Hamburg. The remaining Mabanaft International business will be managed by Stefan Herde who will further take over the Business Development in Russia and Singapore as a service to B. V. Mabanaft.


Mabanaft
is the trading subsidiary of Marquard & Bahls AG, the largest privately-owned German oil company. As leading independent importer and wholesaler of petroleum products in northwestern Europe, Mabanaft is active in the international cargo and barge trading and continuously providing market liquidity.

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Corporate Communication
Marquard & Bahls AG
Koreastraße 7
20457 Hamburg
Germany

+49 40 37004-0+49 40 37004-7609
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