Tuesday, September 12, 2017
Thursday, July 13, 2017
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...
Wednesday, May 11, 2016
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...
Wednesday, January 14, 2015
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.
Thursday, December 18, 2014
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.
Tuesday, December 2, 2014
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.
Wednesday, November 26, 2014
Friday, November 14, 2014
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.
Friday, November 7, 2014
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.
Thursday, November 6, 2014
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.
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.
Friday, March 28, 2014
Wednesday, March 5, 2014
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...
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