Danish police charge executive in OW Bunker case
Lars Møller, former CEO of OW Bunker's subsidiary in Singapore, Dynamic Oil Trading, has been charged with fraud by the public prosecutor for the Danish financial and international crimes unit (SØIK) for his role in the bunker company's sudden collapse in 2014. His lawyer rejects the accusations but the police feel confident.
Cosco enters new league with acquisition
Chinese container carrier Cosco Shipping announced last weekend that it has purchased competitor OOCL. With the acquisition, the state-owned carrier is entering a whole new league on the container market where it now ranks as number three.
Is shipping doing enough for the climate?
Whether shipping is doing enough to settle a climate strategy depends on the eye of the beholder. Last Friday, the member nations in the IMO agreed on the framework for the strategy which is set to be provisionally complete in 2018. But the EU is losing patience.
Make sure to read the latest news about topics including Dan-Bunkering's annual report and Arne Blystad's potential foray onto the container market:
English Edit: Gretchen Deverell Pedersen