![](\"https:\/\/images.maritimeprofessional.com\/images\/maritime\/w200\/stergaard-borris-stergaard-nielsen-torben-113714.jpg\")
<\/p>\n<\/p>\n
First financial steps have been made to cement the planned succession process of Torben \u00d8stergaard-Nielsen\u2019s global shipping group United Shipping & Trading Company (USTC), based in Middelfart, Denmark.<\/p>\n
<\/p>\n
The next generation in the family-owned business, daughters Nina \u00d8stergaard Borris and Mia \u00d8stergaard Nielsen, have become co-owners via the parent company Selfinvest. In the future, they will take even greater part in the active ownership of the group.<\/p>\n
<\/p>\n
With more than 2,500 employees distributed on 101 offices in 33 countries worldwide, the USTC group is engaged in activities in oil (Bunker Holding), tanker shipping (Uni-Tankers), shipping, logistics & chartering (SDK), risk management (Global Risk Management), cargo trading (Unioil Supply), IT (Unit IT) and cars (Selected Car Group). In addition, the parent company Selfinvest has built up a Family Office, which, among other activities, handles the group\u2019s investments, ranging from securities to direct investments in companies and properties. The family\u2019s active ownership of the group is also managed through Selfinvest Family Office.<\/p>\n
<\/p>\n
Via the group\u2019s parent company Selfinvest, the future ownership will be distributed by 1\/3 to Torben \u00d8stergaard-Nielsen and 1\/3 to each of the two daughters. Torben \u00d8stergaard-Nielsen still heads the group and holds the controlling class A shares.<\/p>\n
<\/p>\n
\u201cYou could say that we made the most important decision back in 2017, when Nina and Mia made it clear that they want to be an important part of the group\u2019s future. Since then, we\u2019ve worked determinedly in accordance with the established plans, both on their development in and outside the group and on the formal part surrounding a succession,\u201d says Torben \u00d8stergaard-Nielsen.<\/p>\n
<\/p>\n
\u201cI still have no plans either to reduce my workload or retire. But it gives us peace of mind to get this important step in place, not just for us as an owner family, but also for our employees and other stakeholders worldwide.<\/p>\n
<\/p>\n
\u201cI\u2019m first and foremost pleased that the group has the financial strength to implement a costly succession process. And now that this step is in place, we can again focus fully on the group\u2019s general growth and development plans.\u201d<\/p>\n
<\/p>\n
The next generation <\/p>\n Torben \u00d8stergaard-Nielsen\u2019s youngest daughter Mia continues her development outside USTC in line with the established plans and has just been promoted to Associate with the executive search and leadership consulting firm Spencer Stuart. She also takes active part in the USTC group, where she is a member of Bunker Holding\u2019s Board of Directors and of the Council of Owners.<\/p>\n maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":" First financial steps have been made to cement the planned succession process of Torben \u00d8stergaard-Nielsen\u2019s global shipping group United Shipping & Trading Company (USTC), based in Middelfart, Denmark. The next generation in the family-owned business, daughters Nina \u00d8stergaard Borris and Mia \u00d8stergaard Nielsen, have become co-owners via the parent company Selfinvest. In the future, they …<\/p>\n","protected":false},"author":1,"featured_media":11481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[3834,7311,2465,7546],"class_list":["post-11480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news","tag-generation","tag-ownership","tag-takes","tag-ustc"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/11480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=11480"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/11480\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/11481"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=11480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=11480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=11480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/strong>For the past six years, Nina \u00d8stergaard Borris has been Executive Assistant and Head of M&A in Bunker Holding, the USTC group\u2019s largest business unit, focusing on business optimization, strategy and M&A. In January 2020, she joined the Executive Board of USTC as COO with responsibility for business optimization and development of the group\u2019s operating companies in close interaction with the companies\u2019 Executive Boards as well as Torben \u00d8stergaard-Nielsen. Concurrently, she holds directorships in USTC, Uni-Tankers and SDK, and she is also a member of the Council of Owners in Selfinvest Family Office together with both her father and sister.<\/p>\n