Media: MSC settles in OW Bunker payment dispute

The Swiss container carrier has reached a settlement in court in New York, reports Tradewinds. The carrier thus puts a lid on one of the larger legal disputes in the wake of OW Bunker's collapse in November 2014.

Photo: Kasper Palsnov/Jyllands-Posten

Container carrier MSC, which along with Maersk Line forms the major 2M alliance, has settled a case in a New York court which arose in relation to the OW Bunker bankruptcy in November 2014, according to media Tradewinds.

Specifically, MSC has reached a settlement with OW Bunker's subsidiary in the US, physical bunker supplier Harley Marine and Dutch bank, ING Bank, which is OW Bunker's biggest creditor. Since the collapse of the Danish company, ING Bank has been working aggressively and systematically to reclaim its major outstanding debt.

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