KPI Bridge Oil and OceanConnect Marine have merged Photo: KPI OceanConnect
KPI Bridge Oil and OceanConnect Marine have formally completed a merger to create a new brand and entity, KPI OceanConnect.
The merger, first announced in February 2020, now has full regulatory approval and creates one of the largest independent marine energy service and solutions providers in the world. With a heritage dating back almost 50 years, KPI OceanConnect has a 170-strong team operating across 15 locations globally.
Søren Høll, chief executive of KPI OceanConnect, said he was delighted that KPI OceanConnect was now operational. “Our people are our strongest asset and we have got the ambition, commitment and resources to provide unparalleled career and professional development opportunities to our valued team members.
“Our professionals know and appreciate the issues that shipowners and operators are facing. We recognise the need to take a collaborative approach supporting our business partners to overcome the challenges of an ever-changing marketplace,” he said.
S.I. Shim, head of Asia at KPI OceanConnect, said that the formation of KPI OceanConnect was timely. “The post-2020 market, Covid-19 and the dawn of new, low carbon fuels mean that market dynamics are evolving rapidly,” he said.
“To thrive, ship owners and operators want to work with an experienced fuels services provider and a trusted counterparty that has a consultative approach and the financial strength, independence, and flexibility to provide the right solutions to meet their current and future demands,” he added.