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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.

Photo: OW Bunker

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.

The bankrupt estate of OW Bunker finds itself in a battle against a local oil company named Ducsa which previously supplied bunker oil to one of the collapsed group's subsidiaries.

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