In 2021, United Shipping & Trading Company (USTC) acquired a majority stake in CM Biomass, further strengthening USTC’s presence in the global shipping and trading industries. Following an increased ownership stake in 2023, USTC acquired the remaining shares in 2025 and now holds full ownership of CM Biomass. Operating as an independent entity within USTC’s extensive portfolio, we benefit from the strategic support, financial strength, and global reach of a long-established conglomerate.

About USTC

Founded in 1876 in Fredericia, Denmark, USTC is a family-owned enterprise that has grown into a global powerhouse. The group encompasses several renowned companies, including Bunker Holding, SDK FREJA, Uni-Tankers, Selected Car Group, and Unit IT. With around 130 offices worldwide and approximately 3,500 employees, USTC’s influence spans various industries, making it a significant player in the global market.