ShippingWatch

This week's top stories on ShippingWatch

The bankruptcy of OW Bunker and its aftermath took center stage in the week following the company's collapse. Interim reports from major carriers also featured on the agenda.

Photo: Andreas Vallbracgt-Prachtvoll/Jyllands-Posten

OW Bunker scrutinized

OW Bunker went bankrupt on Friday last week. ShippingWatch has spent the past week describing what the bankruptcy means to the company, the bunker industry and the entire shipping sphere. Read all the stories here, and get an overview of the events that led to the scandal by following the first link below:

The OW Bunker scandal day by day 

This is OW Bunker's secret and giant Singapore business

100 oil companies have claims in OW Bunker

OW Bunker creditor arrests 15 vessels

OW Bunker's partners fell one by one in Singapore

IBIA will support companies hit by OW Bunker collapse

Lawyers behind OW Bunker IPO to clean up after collapse

Singapore: OW Bunker crash causes minimal disruption

OW Bunker's Singapore company aggressive from day one

OW Bunker CEO brought "cleaner" back in October

Singapore looking into OW Bunker scandal

OW Bunker crash leaves bloody trail through oil companies

OW Bunker files for bankruptcy

Does the OW Bunker management have a case?

"OW Bunker was a meltdown of nuclear dimensions"

Suddenly, there was a knock at the door at OW…

Insolvent OW Bunker has lost entire equity

OW Bunker in fraud case of USD 125 mln

OW Bunker threatened by Singapore losses

OW Bunker share placed on matching halt

Maersk Line increases expectations

Maersk Line increased its full-year forecast, and the Group revealed that it expects the oil price to remain at the current low level going forward.

Maersk Line set to order the big ships

Maersk Line will order new ships within 6 months

Maersk Group expects oil price of USD 80-90

Maersk Line expects USD 2 billion profit in 2014

Get a full overview of the Maersk result here

Norden and weak dry bulk developments

Danish carrier D/S Norden published an interim report that indicated the sad state in dry bulk. Other carriers experience similar developments.

Norden hit by surprisingly low Chinese coal import

Norden suffered USD 11 million operating loss in 3rd quarter

Further reading...

Learn what one of the world's biggest banks thinks of equity funds in shipping:

HSH Nordbank: Equity funds important to shipping

Learn about the German shipbuilders' association's expectations for the future:

"German yards have adapted to the new reality"

Maersk Broker's Head of Corporate Finance's new job:

German shipping group hires Maersk Broker manager

And shipbroker developments:

Braemar ACM pushes recovery another two years

Clarksons looking to acquire Norwegian Platou 

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