Wednesday, May 30, 2018
Ship-to-ship bunkering off Singapore.
Maritime News

Former OW Bunker Manager Sentenced to 18-Month Jail Term

By Jacob Gronholt-Pedersen COPENHAGEN, May 30 (Reuters) – A Danish court on Wednesday sentenced the former manager of OW Bunker’s Singapore subsidiary to 18 months in prison after he was...

May 30, 2018
Total Views: 9

Wednesday, May 11, 2016
Maritime News

UK Court Ruling in OW Bunker Case May Mean Double Payments for Shippers

By Roslan Khasawneh May 11 (Reuters) – The UK Supreme Court ruled in favour of bankrupt marine fuel supplier OW Bunker Malta in a dispute over payment liabilities, potentially leaving...

May 11, 2016
Total Views: 4

Wednesday, January 14, 2015
News

Shippers Pay Into US Court to Prevent Ship Detentions After OW Bunker Collapse

Shipping firms have paid millions of dollars into U.S. accounts to prevent their vessels from being detained due to non-payment of bills for fuel supplied by the bankrupt OW Bunker, indicating the impact from the collapse of the Danish firm was spreading.

January 14, 2015
Total Views: 0

Thursday, December 18, 2014
News

Denmark Arrests Former OW Bunker Manager Wanted in Italy

Denmark has arrested a former manager of collapsed ship fuel supplier OW Bunker and intends to hand him to Italy, where he is suspected of fraud, the Danish public prosecutor said on Thursday.

December 18, 2014
Total Views: 2

Wednesday, December 10, 2014
Maritime News

Danish Investors to Investigate OW Bunker Collapse

A group of large Danish institutional investors has initiated an investigation of the collapse of OW Bunker, the ship fuel supplier that had listed only earlier this year

December 10, 2014
Total Views: 2

Tuesday, December 2, 2014
News

Mercuria Hires Ex-OW Bunker Staff to Expand Bunker Fuel Position

Swiss trading house Mercuria has moved to become a significant player in the marine fuel market by hiring a team of close to 40 former employees from the once-largest supplier, traders and sources close to the matter said on Tuesday.

December 2, 2014
Total Views: 0

Friday, November 28, 2014
Maritime News

Cash, Asset-Rich Marine Fuel Traders to Gain Singapore Market Share in OW’s Absence

The downfall of a leading marine fuel supplier that prompted sellers to tighten credit terms in Singapore is skewing the post-OW Bunker jostle for market share towards cash-rich trading companies and barge operators...

November 28, 2014
Total Views: 12

Wednesday, November 26, 2014
Maritime News

OW Bunker’s Fleet-Owning Unit Taken Over

OW Tanker, a unit of bankrupt OW Bunker and owner of its marine fuel supply ships, has been taken over by a newly-created company, the fleet manager told Reuters on Wednesday.

November 26, 2014
Total Views: 15

Thursday, November 20, 2014
ow bunker
Finance

Board of OW Bunker Did Not Approve Credit Line That Caused Collapse

The unrecoverable credit granted Tankoil was never submitted to the board, let alone authorised by it, said Chairman Niels Henrik Jensen

November 20, 2014
Total Views: 0

Friday, November 14, 2014
Ship-to-ship bunkering off Singapore.
News

OW Bunker Scandal Causes Only ‘Minimal Disruption’ in Singapore -UPDATE

The Maritime and Port Authority of Singapore (MPA) has determined that there will be only minimal disruption to bunker supply in the Port of Singapore as a result of the OW Bunker fraud scandal and subsequent bankruptcy of the company.

November 14, 2014
Total Views: 11

Wednesday, November 12, 2014
Maritime News

Ship Arrested, Four More Firms File Claim Against Bankrupt OW Bunker

Oil firms stepped up legal action against the Singapore units of bankrupt ship fuel trader OW Bunker with the arrest of a ship fuel delivery barge Laguna on Wednesday and claims totaling more than S$5 million.

November 12, 2014
Total Views: 10

Monday, November 10, 2014
News

Bunker Fuel Market in Turmoil After OW Bunker Files for Bankruptcy

Ship fuel prices rose on Monday and buyers scrambled for new stocks after the bankruptcy of the world's biggest supplier, Denmark's OW Bunker, due to a suspected fraud at is Asian subsidiary plunged the troubled sector into fresh turmoil.

November 10, 2014
Total Views: 1

Friday, November 7, 2014
Interesting

OW Bunker Files for Bankruptcy

Danish marine fuel supplier OW Bunker A/S has filed for bankruptcy less than 48 hours after its world was rocked by an alleged $125 million bunker fraud scandal uncovered at...

November 7, 2014
Total Views: 3

News

OW Bunker Scandal Sends Traders Scrambling, Investors Eye Lawsuits

Traders and shipping companies scrambled to source fuel and take over supply contracts on Friday after Danish marine fuel supplier OW Bunker said a suspected fraud at its Singapore subsidiary had pushed it to the brink of bankruptcy.

November 7, 2014
Total Views: 3

Thursday, November 6, 2014
Ship-to-ship bunkering off Singapore.
Maritime News

Shippers, Traders Scramble In Wake of OW Bunker Fraud Revelation

Shipping companies and bunker oil traders scrambled to source fuel and take over supply contracts on Thursday after OW Bunker, one of the world's biggest shipping fuel firms, said it faces possible bankruptcy after uncovering internal fraud.

November 6, 2014
Total Views: 1

Maritime News

OW Bunker at Risk of Bankruptcy After Uncovering Fraud

Danish ship fuel supplier OW Bunker said it may go bankrupt after discovering fraud by unnamed senior employees in its Singapore-based subsidiary which will send it deep into the red this year.

November 6, 2014
Total Views: 7

Tuesday, June 24, 2014
wilhelmsen
Maritime News

OW Bunker Acquires Wilhelmsen Marine Fuels

Wilhelmsen Marine Fuels, a subsidiary of Wilhelmsen Maritime Services, has been acquired by OW Bunker and will be fully integrated as a wholly owned subsidiary starting 1 July 2014. “Bunker...

June 24, 2014
Total Views: 5