Carriers' fate in OW case likely settled before Christmas

The UK Supreme Court will probably settle a key case concerning OW Bunkers' bankruptcy before Christmas. If the court sides with the estate again, the trustees will likely turn up the heat on hundreds of carriers, law firm Bech Bruun tells ShippingWatch.

Photo: Kasper Palsnov/Jyllands-Posten

After the meltdown of Danish carrier OW Bunker in the fall of 2014, hundreds of shipping companies have been caught in the fallout as the liquidator fights for the remains of the estate. But the carriers' fates will likely be settled before Christmas, when the UK Supreme Court issues a ruling in a key case concerning a dispute between the liquidators of the estate and a Greek carrier.

The appeal, which reviews the original judgment handed down in summer, must settle whether OW Bunker can demand payment from the Greek carrier for a bunker delivery, when the now defunct company itself has not paid the supplier, who has therefore also directed claims against the Greek shipowner.

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