Tuesday, September 12, 2017
Ship-to-ship bunkering off Singapore.
News

OW Bunker Investors Sue IPO Banks

COPENHAGEN, Sept 12 (Reuters) – A group of 24 Danish institutional investors in OW Bunker said on Tuesday it would sue Carnegie Investment Bank and Morgan Stanley , accusing both...

September 12, 2017
Total Views: 7

Thursday, July 13, 2017
Ship-to-ship bunkering off Singapore.
News

Denmark Charges OW Bunker Singapore Head with Fraud

COPENHAGEN, July 13 (Reuters) – Denmark’s state prosecutor charged the former manager of OW Bunker’s Singapore subsidiary with fraud on Thursday but cleared the Danish management of the failed marine...

July 13, 2017
Total Views: 0

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: 1

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: 0

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

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: 4

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: 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: 1

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: 1

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: 0

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: 1

Friday, March 28, 2014
ow bunker ship fueling
finance

OW Bunker Surges on IPO

March 28 (Bloomberg) — OW Bunker A/S shares surged as much as 19 percent on its first day of trading in Copenhagen after the marine fuel provider was listed in...

March 28, 2014
Total Views: 0

Wednesday, March 5, 2014
ow bunker ship fueling
finance

Danish Ship Fuel Supplier OW Bunker Confirms IPO Plan

COPENHAGEN, March 5 (Reuters) – Danish ship fuel supplier OW Bunker plans an initial public offering (IPO) of shares in Copenhagen, it said on Wednesday, confirming what sources familiar with...

March 5, 2014
Total Views: 0