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OW Bunker's bank wins key victory in the US

ING Bank, which headed OW Bunker's consortium, has won a key appeal case in New York, where a court has decided that the bank can lay claim OW Bunker's receivables from shipping companies. The bank lost the first round of the case.

Photo: Ritzau Scanpix/Kasper Palsnov

OW Bunker's main lender, ING Bank, has won a key victory in the protracted legal aftermath of the bunker company's bankruptcy.

An appeal court in New York decided Wednesday that the bank can lay claim to money owed by shipping companies to OW Bunker for fuel purchases when the company suddenly collapsed in November 2014.

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