Press Releases

June 15, 2015

Marquard & Bahls Successful Again in 2014

Marquard & Bahls had an excellent year full of positive developments, and resulting in a turnover of 15.3 billion euros (including energy taxes). The company, which employs over 8,500 people in 40 countries around the world, thus continues on its successful course.

The crucial parameters for long-term business success – solid results, good financial liquidity, and a strong capital base – were in place in 2014 and were further expanded. 

Trading – positive trend continues at Mabanaft

The Mabanaft group continued its positive trend in 2014, improving its operating profit year-on-year significantly. Once again, the biggest positive contributions to earnings came from the wholesale business in Germany and the service station and retail businesses. Oil trading in the Mediterranean and Black Sea regions also made a very gratifying contribution to the overall result. It was a mixed year for the bunkering business due to the continuing difficult situation in shipping – however most locations were able to generate a profit. In 2014, Mabanaft companies sold a total of 20.8 million tons of petroleum products and biofuels.

Tank storage logistics – excellent results at Oiltanking

2014 was an eventful year for Oiltanking, in which the company was able to achieve strong operating results again. In addition to high capacity utilization and throughput of 190 million tons, revenues from the sale of the tank terminals in Merak, Indonesia as well as Houston and Beaumont had a particularly positive effect. Meanwhile, the results of the Indian subsidiary IOT’s EPC (engineering, procurement and construction) division were unsatisfactory, so the realignment already underway was accelerated. At the end of 2014, Oiltanking had 72 tank terminals in 22 countries with a total capacity of 19.0 million cbm. 

Aviation fuelling – a good year for Skytanking

Skytanking ended 2014 with a positive operating result, above that of the previous year. The company sold its U.S. subsidiary, but countered this by expanding in Europe and India. Throughput volume was further increased at existing and new locations, and totaled around 13.2 billion liters of jet fuel. 

Dry bulk handling – UBT’s result in line with expectations

For United Bulk Terminals (UBT), which has been directly owned by Marquard & Bahls since the end of 2014, it was a challenging year. Both U.S. facilities suffered from a decline in coal exports. By contrast, the throughput of petcoke and sulfur showed a positive development. At year-end, UBT had a total storage capacity of 4.0 million tons, and had achieved total transshipment volume of 9.3 million tons. 

Upstream Services – realignment at Newsco

Newsco, which has also been a majority-owned Marquard & Bahls subsidiary since September 2014, was not yet able to achieve its budgeted targets. The market for directional drilling services was again marred by strong competition. In order to optimally position Newsco in this competitive line of business, the company underwent a restructuring process last year. At the end of 2014, the total directional drilling distance realized amounted to approximately 930,000 meters.


Marquard & Bahls will continue on its successful course of pursuing controlled, long-term oriented growth. As Oiltanking and Skytanking enlarge their existing networks, Mabanaft will concentrate on expanding its physical trading business. UBT and Newsco will focus on increasing their profitability. Marquard & Bahls will retain its energy mix of oil, gas, coal and renewables. Special attention will be paid to business development across the group, with the aim of developing new business opportunities both within existing and adjoining lines of business.

Marquard & Bahls AG
is a Hamburg-based family-owned company that operates in the fields of energy supply, trading and logistics. Its core lines of business include trading, tank storage logistics, aviation fuelling, dry bulk handling and upstream services. Furthermore, the company is active in renewable energies, carbon trading, fuel analysis and gas supply. Through its subsidiaries, Marquard & Bahls has a presence in 40 countries in Europe, America, Asia and Africa and employs more than 8,500 people.

Press Contact

Corporate Communication
Marquard & Bahls AG
Koreastraße 7
20457 Hamburg

+49 40 37004-0+49 40 37004-7609