Marquard & Bahls
Marquard & Bahls AG
TypeAktiengesellschaft
IndustryEnergy supply, Energy Trading, Energy Logistics, Chemicals
Founded1947 (1947) in Hamburg
FounderTheodor Weisser
HeadquartersHafenCity,
Hamburg
,
Germany
Key people
  • Mark Garrett (CEO),
  • Olaf Schulz (CFO)
Revenue€13.875 billion[1][2] (2019)
Number of employees
6,715[1][2] (2019)
Websitewww.marquard-bahls.com

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

Headquarters of Marquard & Bahls, Koreastraße 7, Hafencity, Hamburg (2016)

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

  1. 1 2 3 4 "Facts & Figures: Marquard & Bahls Group". Retrieved December 23, 2020.
  2. 1 2 3 4 5 Marquard & Bahls AG: Annual Report 2019. Retrieved December 2020.
  3. ↑ "Business Areas of Marquard & Bahls". Retrieved December 23, 2020.
  4. ↑ "Marquard & Bahls investiert". Die Welt. June 30, 2004. Retrieved February 13, 2017.
  5. ↑ "Die Gründungsorte der größten deutschen Familienunternehmen". ZEIT MAGAZIN. August 18, 2016. Retrieved March 2019.
  6. 1 2 "Marquard & Bahls ist jetzt Aktiengesellschaft. Rohöl aus Rußland gegen Getreide. Im Mineralölhandel auch 1992 mit Gewinn". Frankfurter Allgemeine Zeitung. November 6, 1992.
  7. ↑ "A Brief Portrait of Marquard & Bahls". Retrieved December 23, 2020.
  8. 1 2 Marquard & Bahls AG: Annual Report 2018. Retrieved December 2020.
  9. 1 2 "Marquard & Bahls GmbH. Zurück unter die alte Fahne. Die Tanklager ließen die Kasse laut klingeln". Handelsblatt. August 6, 1987.
  10. ↑ "Corporate Governance". Information of Marquard & Bahls about Corporate Governance. Retrieved February 14, 2017.
  11. ↑ Website of Mabanaft.
  12. ↑ Information about Mabanaft, website of Marquard & Bahls. Retrieved December 23, 2020.
  13. 1 2 3 Marquard & Bahls AG: "Jahresabschluss und Konzernlagebericht", published in the German Trade Register.
  14. ↑ 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.
  15. ↑ Information on the number of tank terminals, countries, total capacity and throughput according to company's website. Retrieved December 23, 2020.
  16. ↑ Website of Skytanking.
  17. 1 2 "Marquard & Bahls Business Areas: Aviation Fuelling". Retrieved February 1, 2020.
  18. ↑ See the details of the services provided by Skytanking. Retrieved May 10, 2019.
  19. ↑ "Hamburger Mineralölhändler betankt Flugzeuge in Miami". Die Welt. July 28, 2003. Retrieved February 13, 2017.
  20. ↑ Marquard & Bahls AG: Mark Garrett wird neuer CEO bei Marquard & Bahls. At dgap.de, August 1, 2018, retrieved August 15, 2018.
  21. ↑ Management von Marquard & Bahls, retrieved August 2018.
  22. ↑ "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.
  23. ↑ Zerbe, Peter: "Auf Beschluss der Familie Chef im Mineralölgeschäft". Die Welt. July 17, 2001. Retrieved February 14, 2017.
  24. ↑ "The 1950er in overview". Information about the history of Marquard & Bahls. Retrieved February 14, 2017.
  25. ↑ "December 1972: 25 Years of Marquard & Bahls". Information about the history of Marquard & Bahls. Retrieved February 14, 2017.
  26. ↑ The first was sold in the mid-1980s. See "UR übernimmt Framin". Handelsblatt. December 16, 1986.
  27. ↑ "Mittelständische Ölhändler unter Druck. Marquard & Bahls halbiert Jahresüberschuß. Einstieg ins Tankstellengeschäft". Hamburger Abendblatt. July 23, 1993.
  28. ↑ "February 1996: Founding of Petronord Energie- und Wärmekonzepte GmbH", website of Marquard & Bahls. Retrieved February 20, 2017.
  29. ↑ 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.
  30. ↑ "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.
  31. ↑ "Marquard & Bahls steigt ins Biogas-Geschäft ein" Archived February 22, 2017, at the Wayback Machine. Energie Informationsdienst. December 15, 2008. Retrieved February 14, 2017.
  32. ↑ Information on the history of Mabagas on the company's website. Retrieved February 14, 2017.
  33. ↑ Press release as of November 14, 2018 Mabagas: Realignment of Biogas Activities, Marquard & Bahls website, retrieved Januar 15, 2019.
  34. ↑ 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.
  35. ↑ Marquard & Bahls Sells Upstream Services Business, press release of Marquard & Bahls, March 27, 2017. Retrieved March 28, 2017.
  36. ↑ "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.
  37. ↑ Marquard & Bahls AG: "Annual Report 2014", p. 9. Retrieved March 15, 2017.
  38. ↑ 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.
  39. ↑ "BETEILIGUNG: Gesellschafterwechsel bei Natgas". E&M Powernews. August 14, 2019.
  40. ↑ "Marquard & Bahls steigt bei natGas aus". EID Energie Informationsdienst. August 13, 2019.
  41. ↑ "Marquard & Bahls to participate in Nordic Blue Crude", wn.com, January 15, 2020. Retrieved December 23, 2020.
  42. ↑ "Nordic Blue Crude website", nordicbluecrude.no, January 15, 2020. Retrieved December 23, 2020.
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