DOT Singapore owes 329 million USD

OW Bunker´s Singapore subsidiary Dynamic Oil Trading has over 100 unsecured creditors to whom it owes an estimated 198 million USD. There is an estimated 329 million USD in gross receivables due to DOT Singapore, it appears from a creditors meeting.

by TOMAS KRISTIANSEN

Three KPMG partners were confirmed as the joint and several liquidators of OW Bunker´s Singapore subsidiary, Dynamic Oil Trading. They had been appointed provisional liquidators already on 18 November 2014, 11 days after DOT Singapore’s parent company filed for bankruptcy in Denmark.

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DOT Singapore owes 329 million USD

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Analysis: Capesizes have become too expensive despite strong market

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs