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:
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