Energy trader BB Energy is reshaping its shipping arm, rolling all chartering and freight activities into a newly branded unit, Blue Bolt Shipping, and bringing in a seasoned industry executive to run it.
Blue Bolt Shipping, a rebrand of Turbo Asia and a wholly owned subsidiary, will consolidate the group’s global freight operations under one structure. BB Energy said the aim is to streamline chartering, improve oversight and turn shipping from a service function into a standalone profit centre.
The new setup will go live in the second quarter of 2026 and will be led by Lars Wogen, a long-time freight and tanker specialist with experience across trading houses and oil majors.
Wogen previously held senior roles at Shell, where he led the global crude fleet after postings in Houston, Barbados and London. He later joined Litasco in 2019 to overhaul its shipping arm, shifting it from a cost centre to a profit-generating unit. Most recently, he founded Namor Shipping in Dubai as an independent freight trading platform.
Under the new structure, Blue Bolt Shipping will manage time charters, contracts of affreightment and freight derivatives, giving BB Energy tighter control over its freight exposure and more flexibility in the market.
Christian Fallesen, chief operating officer of BB Energy, said the move marks an important step in the development of the group’s trading platform.
“By unifying our freight activities and partnering with an industry professional of Lars’s calibre, we are creating a stronger, more commercially agile shipping business that will deliver real value to BB Energy and our customers,” he noted.
