Log in Create User

Lars Møller changed DOT clause just before bankruptcy

lars-moller (1).jpg Suppliers:

Dynamic Oil Trading (DOT) CEO Lars Møller signed a document containing changes to DOT's clauses just a few weeks before the collapse of OW Bunker, and the changes leave numerous legal experts highly puzzled. "The company restricts its liability," says one professor. Lars Møller does not recall the changes today.

OW Bunker Board responds: We are shocked

Niels-Henrik-Jensen.jpg Suppliers:

"The unrecoverable credit granted by DOT to Tankoil, currently estimated by management to be somewhere between USD 120 - 130 million, was never submitted to the board, let alone authorised by it," says OW Bunker's former Board of Directors in a sharply worded press release:

New Job

Sibbesen, Claus Wärtsilä
Claus Sibbesen
New title: Service Account Manager
New employer: Wärtsilä (01.11.14)

Schougaard, Martin Wärtsilä
Martin Schougaard
New title: Field Service Operations Team Leader
New employer: Wärtsilä

Joachim Pedersen Trumf Bunker
Joachim Kjældgaard Pedersen
New title: Head of Trading, Europe/Americas
New employer: Trumf Bunker (01.11.14)

Nikolaj Krause foto.jpg
Nikolaj Røhl Krause
New title: Managing Director, Business Development
New employer: E.R. Capital Holding

Western Bulk CEO: 2014 was a five-year low

Jens Ismar.jpg Bulk:

The major Norwegian dry bulk carrier Western Bulk can conclude that 2014 has been a big disappointment and represents the lowest point for the carrier since 2009, CEO Jens Ismar tells ShippingWatch. Now he is also forced to downgrade expectations for 2015.