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

Seven Seas: Customers' green ambitions and actions don't align

Venture fund in Singapore wants increased business focus from start-ups

German bank to broker CO2 allowances to shipping customers

MSC chosen as strategic partner for ailing Spanish rail freight company

Grieg and Peak Group venture orders up to eight new vessels

First US bunkering terminal for LNG is on its way

Russian oil is trading closer to USD 100 than the G-7 price cap

Oil supermajor Saudi Aramco enters LNG

Norway increases support for developing countries' green shipping transition

Oil steady after technical resistance stalled blistering rally

It's time for DHL's new global head of ocean freight to prove he can be number one

Kristian Siem predicts boom in offshore following a decade of hurt

Further reading

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

Seven Seas: Customers' green ambitions and actions don't align

MSC chosen as strategic partner for ailing Spanish rail freight company

Venture fund in Singapore wants increased business focus from start-ups

Grieg and Peak Group venture orders up to eight new vessels

Jobs