Marquard & Bahls
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Marquard & Bahls AG | |
Type | Aktiengesellschaft |
Industry | Energy supply, Energy Trading, Energy Logistics, Chemicals |
Founded | 1947Hamburg | in
Founder | Theodor Weisser |
Headquarters | HafenCity, Hamburg , |
Key people |
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Revenue | €13.875 billion[1][2] (2019) |
Number of employees | 6,715[1][2] (2019) |
Website | www |
Marquard & Bahls is a Hamburg-based company that is active in the fields of energy and chemicals.[2] Its core lines of business include tank storage logistics, trading and aviation fuelling.[3] Marquard & Bahls was founded in 1947[4][5] and has been a stock corporation under commercial law since 1992.[6] The Group has a presence in 33 countries around the world.[7] At the end of 2019, the company employed 6,715 people[1][2] (2018: 7,561).[8] In 2019, the company generated revenue of EUR 13.875 billion[1][2] (2018: EUR 14.728 billion).[8]
Business Areas[]
![](http://upload.wikimedia.org/wikipedia/commons/thumb/c/cc/Marquard_%26_Bahls_Headquarter.jpg/220px-Marquard_%26_Bahls_Headquarter.jpg)
Marquard & Bahls is organized as a holding company[9][6][10] and operates through its subsidiaries in several business areas:
- Mabanaft is the trading division of Marquard & Bahls. Its business includes regional trading and wholesaling of petroleum products. The company also operates in the bunkering, service-station and heating oil retail businesses, as well as trading in liquid gas and biofuels. Its annual volume of sales is approximately 18.1 million tons (as at: December 2020).[11][12][13]
- Oiltanking is one of the largest independent tank storage providers for petroleum products, chemicals and gases worldwide.[14] The company owns and operates 64 terminals in 24 countries with a total capacity of 20 million cubic meters (as at: December 2020). The total throughput of all tank terminals in 2019 was about 155 million tons.[15]
- Skytanking provides a full range of aviation fuelling services.[16] The company services around 2 million aircraft a year, with annual throughput exceeding 24.7 million cubic metres of jet fuel (as at: February 2020).[17] Besides into-plane fuelling, its range of services also covers the operation of aviation fuel storage and hydrant systems, as well as the planning, financing and construction of these facilities.[18] Its customers include airlines, airports, and oil companies.[19][13] Skytanking is represented at 83 airports in 14 countries in Europe, Asia, Africa, North America and Australia (as at: December 2020).[17]
Management and Governance[]
Since August 2018, Mark Garrett has served as CEO of the company, which is not listed on the stock exchange.[20][21] Hellmuth Weisser was Chairman of the supervisory board from 2003 to February 2017. His successor is Daniel Weisser.[22]
History[]
Theodor Weisser established the business in 1947 by purchasing Marquard & Bahls, a company that had traded in cereals and lubricants since its founding in 1913. At the time of the takeover, the company existed only as a shell.[23] Theodor Weisser began trading in heating oil and lubricants, and gradually expanded the business activities in the following years. In the mid-1950s, the company also entered the tank storage business,[24] and in the 1960s focused particularly on expanding its activities abroad. Its trading subsidiary Mabanaft played an important role in developing the spot market in Rotterdam.[25]
In 1972, the tank terminals owned by Marquard & Bahls were grouped into its Oiltanking subsidiary; this marked the beginning of the establishment of an independent provider of tank storage services. In the 1990s, a new service-station organization[26][9] was established,[27] which now does business under the OIL! brand. Beyond this, the company had been active in the sale of heating oil to end-consumers since the 1980s; these activities were bundled under the Petronord umbrella in 1996.[28] In 1999, Marquard & Bahls entered the aviation fuelling business,[29] and continually expanded this line of business, which operates as Skytanking, in the following years. Since 2002, Marquard & Bahls has also been active in the field of renewable energies. In addition to the biofuels trade, which is part of Mabanaft, this also includes biogas.[30] The Mabagas subsidiary realized biogas projects based on organic waste from 2008 to 2018.[31][32][33]
In 2008 and 2011, Marquard & Bahls acquired shares in Newsco companies through Oiltanking. In 2014, Marquard & Bahls achieved a majority shareholding in Newsco by acquiring further stakes.[34] In March 2017, the Group sold all of its shares in Newsco International Energy Services.[35] In May 2012, Oiltanking acquired United Bulk Terminals in the US.[36] This division had been directly allocated to Marquard & Bahls since the end of 2014 until September 2019, when Marquard & Bahls sold United Bulk Terminals.[37][13][38] In August 2019, Marquard & Bahls also sold its stake in natGAS AG, Potsdam, to the former co-shareholder Friedrich Scharr KG, Stuttgart.[39][40] Exploring investment opportunities in the renewable energy & chemical sector, Marquard & Bahls invested in the Norwegian company Nordic Blue Crude in December 2019.[41][42]
References[]
- ^ Jump up to: a b c d "Facts & Figures: Marquard & Bahls Group". Retrieved December 23, 2020.
- ^ Jump up to: a b c d e Marquard & Bahls AG: Annual Report 2019. Retrieved December 2020.
- ^ "Business Areas of Marquard & Bahls". Retrieved December 23, 2020.
- ^ "Marquard & Bahls investiert". Die Welt. June 30, 2004. Retrieved February 13, 2017.
- ^ "Die Gründungsorte der größten deutschen Familienunternehmen". ZEIT MAGAZIN. August 18, 2016. Retrieved March 2019.
- ^ Jump up to: a b "Marquard & Bahls ist jetzt Aktiengesellschaft. Rohöl aus Rußland gegen Getreide. Im Mineralölhandel auch 1992 mit Gewinn". Frankfurter Allgemeine Zeitung. November 6, 1992.
- ^ "A Brief Portrait of Marquard & Bahls". Retrieved December 23, 2020.
- ^ Jump up to: a b Marquard & Bahls AG: Annual Report 2018. Retrieved December 2020.
- ^ Jump up to: a b "Marquard & Bahls GmbH. Zurück unter die alte Fahne. Die Tanklager ließen die Kasse laut klingeln". Handelsblatt. August 6, 1987.
- ^ "Corporate Governance". Information of Marquard & Bahls about Corporate Governance. Retrieved February 14, 2017.
- ^ Website of Mabanaft.
- ^ Information about Mabanaft, website of Marquard & Bahls. Retrieved December 23, 2020.
- ^ Jump up to: a b c Marquard & Bahls AG: "Jahresabschluss und Konzernlagebericht", published in the German Trade Register.
- ^ Fröndhoff, Bert: "Familienkonzerne – typisch deutsch". Handelsblatt. May 22, 2007. Retrieved March 16, 2017. "Oil & Gas Storage Services Market" Archived February 4, 2017, at the Wayback Machine, Market study by Al Masah Capital Management Limited of 2013. Retrieved March 16, 2017.
- ^ Information on the number of tank terminals, countries, total capacity and throughput according to company's website. Retrieved December 23, 2020.
- ^ Website of Skytanking.
- ^ Jump up to: a b "Marquard & Bahls Business Areas: Aviation Fuelling". Retrieved February 1, 2020.
- ^ See the details of the services provided by Skytanking. Retrieved May 10, 2019.
- ^ "Hamburger Mineralölhändler betankt Flugzeuge in Miami". Die Welt. July 28, 2003. Retrieved February 13, 2017.
- ^ Marquard & Bahls AG: Mark Garrett wird neuer CEO bei Marquard & Bahls. At dgap.de, August 1, 2018, retrieved August 15, 2018.
- ^ Management von Marquard & Bahls, retrieved August 2018.
- ^ "Marquard & Bahls Supervisory Board Chairman to Step Down for Age in February 2017", press release of Marquard & Bahls, June 9, 2016. Retrieved February 15, 2017.
- ^ Zerbe, Peter: "Auf Beschluss der Familie Chef im Mineralölgeschäft". Die Welt. July 17, 2001. Retrieved February 14, 2017.
- ^ "The 1950er in overview". Information about the history of Marquard & Bahls. Retrieved February 14, 2017.
- ^ "December 1972: 25 Years of Marquard & Bahls". Information about the history of Marquard & Bahls. Retrieved February 14, 2017.
- ^ The first was sold in the mid-1980s. See "UR übernimmt Framin". Handelsblatt. December 16, 1986.
- ^ "Mittelständische Ölhändler unter Druck. Marquard & Bahls halbiert Jahresüberschuß. Einstieg ins Tankstellengeschäft". Hamburger Abendblatt. July 23, 1993.
- ^ "February 1996: Founding of Petronord Energie- und Wärmekonzepte GmbH", website of Marquard & Bahls. Retrieved February 20, 2017.
- ^ In 1999, Marquard & Bahls acquired a 50 percent stake in the Munich-based company Skytanking. See "History", website of Skytanking . Retrieved February 9, 2017. Skytanking came out of Omni Aircraft Service GmbH, which formerly belonged to VTG AG. See: "Der Transportkonzern bereitet der Preussag große Freude". Handelsblatt. November 28, 1997; and "VTG zeigt Ertragsstärke". Börsen-Zeitung. November 28, 1997. See also the information on the renaming of Omni Aircraft Service GmbH as Skytanking GmbH, Bundesanzeiger, May 7, 1999.
- ^ "Kraftwerk. Hamburger holen Wärme aus Holz". Hamburger Abendblatt. December 14, 2002. "Mabanaft ist auf dem Mineralölmarkt weiter erfolgreich". Frankfurter Allgemeine Zeitung. June 27, 2003. "Marquard & Bahls zieht es nach Südosteuropa". Handelsblatt. June 30, 2003. "Marquard & Bahls blickt „fröhlich“ in die Zukunft". Energie Informationsdienst. June 30, 2003. "Marquard & Bahls startet erste Projekte für erneuerbare Energien". Mineralöl – Mineralölrundschau, July 1, 2003.
- ^ "Marquard & Bahls steigt ins Biogas-Geschäft ein" Archived February 22, 2017, at the Wayback Machine. Energie Informationsdienst. December 15, 2008. Retrieved February 14, 2017.
- ^ Information on the history of Mabagas on the company's website. Retrieved February 14, 2017.
- ^ Press release as of November 14, 2018 Mabagas: Realignment of Biogas Activities, Marquard & Bahls website, retrieved Januar 15, 2019.
- ^ Marquard & Bahls AG: "Konzernabschluss zum 31. Dezember 2008", published in the Bundesanzeiger. Marquard & Bahls AG: "Konzernabschluss und Konzernlagebericht zum 31. Dezember 2011", published in the Bundesanzeiger. Marquard & Bahls AG: "Annual Report 2014", p. 34. Retrieved February 14, 2017.
- ^ Marquard & Bahls Sells Upstream Services Business, press release of Marquard & Bahls, March 27, 2017. Retrieved March 28, 2017.
- ^ "United Maritime Group to sell its bulk terminal unit in $215 million deal". marinelog.com. May 12, 2012. Retrieved February 15, 2017. "United Maritime rating unchanged by planned unit sale" (Statement of Standard & Poor’s). uk.reuters.com. May 11, 2012. Retrieved February 15, 2017.
- ^ Marquard & Bahls AG: "Annual Report 2014", p. 9. Retrieved March 15, 2017.
- ^ T. Parker Host subsidiary to buy United Bulk Terminals Davant facility, published on www.spglobal.com (S&P Global Platts), September 06, 2019. Retrieved September 09, 2019.
- ^ "BETEILIGUNG: Gesellschafterwechsel bei Natgas". E&M Powernews. August 14, 2019.
- ^ "Marquard & Bahls steigt bei natGas aus". EID Energie Informationsdienst. August 13, 2019.
- ^ "Marquard & Bahls to participate in Nordic Blue Crude", wn.com, January 15, 2020. Retrieved December 23, 2020.
- ^ "Nordic Blue Crude website", nordicbluecrude.no, January 15, 2020. Retrieved December 23, 2020.
External links[]
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- Oil companies of Germany
- Companies based in Hamburg
- 1947 establishments in Germany