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Deputy district attorney: OW case is one of the more severe

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The sentence in the case against the former CEO of OW Bunker's subsidiary DOT, Lars Møller, could last as long as eight years. "We wouldn't have charged him if we weren't completely convinced that we could prove it," says Deputy District Attorney, Niels Vejlby Hansen, to ShippingWatch.


BY KATRINE GRØNVALD RAUN
Published 14.07.17 at 13:11

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OW Bunker estate has lost bunker price case

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The OW Bunker estate has lost a bunker price contract case at the district court in Aalborg, Denmark, against three international shipping companies.

Major Nordic banks scrutinize hazardous scrapping practices

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Nordic bank Nordea is currently reviewing guidelines for shipping customers regarding hazardous vessel scrapping. Danske Bank is also evaluating the issue of carriers' scrapping in Asia, the banks tell ShippingWatch.

Kuehne + Nagel heralds more acquisitions

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Transport and logistics firm Kuehne + Nagel is hosting its capital markets day in London, and the group has heralded news about its strategy plan.

Maersk spending millions to keep struggling Damco afloat

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Maersk has been forced to inject USD 451 million into the group's problematic logistics unit Damco. The figure corresponds more or less to Damco's combined losses from the past five years.

Norway's central bank projects surge in oil investments

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In a new report, the Norwegian central bank bolsters its faith in coming investments by the oil sector. More newbuild projects in particular spur the bank to raise its forecast.

ING Bank blocks move to raise claim in OW Bunker case

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Bank ING, one of the three biggest creditors in the OW Bunker case, and two US-based OW subsidiaries have declined to raise the claim in the compensation case to DKK 2.2 billion. "I'm very puzzled," liquidator Pernille Bigaard tells ShippingWatch.

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Bugbee: Maersk family will drive tanker consolidation

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Robert Bugbee, CEO of Maersk Tankers' top competitor Scorpio Tankers, has great expectations for the Maersk family after its acquisition of Maersk Tankers. "I expect to see the Maersk family as a driving and consolidating force," he tells ShippingWatch.

Norway's central bank projects surge in oil investments

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In a new report, the Norwegian central bank bolsters its faith in coming investments by the oil sector. More newbuild projects in particular spur the bank to raise its forecast.

Media: Maersk declines to let shareholders see sale assessments

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Maersk has no intention of giving its shareholders insight into the assessments made by two investment banks in relation to the sale of Maersk Tankers to A.P. Moller Holding, reports Berlingske.

DSME looking to appeal ruling in Songa Offshore dispute

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MSC has ordered 11 ultra-large container vessels to be built at South Korea's DSME shipyard, a spokesman confirms to ShippingWatch.

OW Bunker estate has lost bunker price case

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The OW Bunker estate has lost a bunker price contract case at the district court in Aalborg, Denmark, against three international shipping companies.

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