Marquard & Bahls Looks Back on a Mixed Year 2017
In addition to the operational businesses, the focus in 2017 was on strengthening the organizational structure, to provide even stronger support to the operating units in their growth objectives. This process was largely completed by the end of the year.
Trading – Mabanaft achieves higher sales volume
The Mabanaft group realized strong sales, with a mixed overall business performance. While wholesale trading and bunkering recorded unsatisfactory results, the positive trend in the retail sector continued. At the end of the year, the trading group’s sales volume war around 27 million tons of oil. The merger of trading activities into “Global Books” and further adaptions form a strong basis for the trading businesses future international growth.
Tank Storage Logistics – Oiltanking with sound development
Oiltanking had a successful albeit mixed year. Some sites saw a decline in capacity utilization. At the same time, many contracts were extended and several major projects advanced. In Matola, Mozambique, Oiltanking successfully commissioned a new tank terminal. At year-end, Oiltanking operated 80 terminals in 25 countries, with a total capacity of 21 million cbm. In view of the new tank terminal projects currently under construction and the expansion of existing locations, Oiltanking is confident that it will continue to grow in the future. This involves in particular the areas of gases and chemicals.
Aviation Fuelling – Skytanking continues its expansion
Skytanking had a good business year. Many sites in Europe, India and Africa reported an increase in throughput volumes. Key events included the start of aviation fuelling in Malta, and the acquisition of the Sun Jet Services Group in Germany. Following this transaction, Skytanking is now the market leader for aviation fuelling in the German, Switzerland and Austria region. At the end of 2017, Skytanking was represented at 71 airports around the world and recorded a total throughput of 18.1 million cbm of jet fuel. In view of increasing globalization and mobility, the outlook remains positive.
Marquard & Bahls strives for further international growth in the future. The focus is on expanding the core activities of trading, tank storage logistics and aviation fuelling. The strong operating base and solid financial position provide a good starting point for future projects and plans.
Marquard & Bahls AG is a Hamburg-based family-owned company that operates in the fields of energy supply, trading and logistics. Its core lines of business include trading, tank storage logistics and aviation fuelling. Furthermore, the company is active in dry bulk handling, biogas, carbon trading, fuel analysis and energy services. Through its subsidiaries, Marquard & Bahls has a presence in 36 countries in Europe, America, Asia and Africa and employs more than 7,700 people.