Million-dollar dispute in Uruguay blocks OW ship sale

A dispute over unpaid bunker bills worth USD 5.6 million is blocking the divestment of an OW Bunker vessel in Uruguay. The tanker is collateral for a loan to OW companies from bank Spar Nord, which cannot retrieve its money until the vessel has been sold.

by MATHIAS ØRSBORG JOHANSEN, NIKLAS KRIGSLUND

While creditors to OW Bunker are still lining up to get their money back two years after the bankruptcy, a conflict with a supplier in Uruguay is now blocking a sale of the group's assets.

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