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.

BY KATRINE GRØNVALD RAUN

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.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles

Receive our daily newsletters

Access our app

Get full access for you and your coworkers

Start a free company trial today

Carriers access key documents in OW bankruptcy case
For subscribers
Media: OW's biggest bank divests massive debt claim
For subscribers
Denmark's EU legal opt-out hampered OW estate clean-up
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Suppliers

Affinity takes big hit by dropping Russia business: "Very painful"

UK ship brokerage boss says company has suffered from the decision not to undertake Russia-related activity because of that country’s invasion of Ukraine.

Affinity reports satisfactory year despite profit plunge

Affinity buys London-based Vortex Shipbroking

For subscribers

Container

Maersk settles case about fired whistleblower

For subscribers

Logistics

DB Schenker owner to lay off 30,000 after huge loss

For subscribers

Container

CMA CGM benefits from acquisition while ocean freight lags behind

For subscribers

Container

MSC confirms commitment not to sail north of Russia

For subscribers

Ports

Key ports in China have been busy in the first half-year

Archival photo. a picture of the Houthi attack on Greek ship in the Red Sea on June 12, 2024. | Photo: Houthi Media Centre/Reuters/Ritzau Scanpix

Russian commodities aren’t safe in Red Sea as Houthis attack

Despite stating that they would not attack Russian and Chinese shipping in the Red Sea, commercial shipping of Russian commodities in the Red Sea is among the most attacked by the Houthis.

Customers will have to be patient after fire on Maersk ship

The owner of the fire-ravaged Maersk Frankfurt has declared general average for the ship and its cargo.

For subscribers

Spot rates out of China decline for the third week in a row

After large increases a month ago, freight rates are now on the decline again for the third week in a row.

Startup wants to stop irresponsible ship recycling

Renable will make ship recycling responsible and efficient in a climate-friendly way that is actually cheaper than today, says co-founder.

For subscribers

Foto: Florence Lo/Reuters/Ritzau Scanpix

Chinese trading platforms drive up air freight prices

Temu and Shein in particular, which have become popular among many Western consumers in a short time, are contributing to the rising prices, analysts estimate.

For subscribers

DB Schenker is owned by the state-owned railroad group Deutsche Bahn with Richard Lutz as CEO.

DB Schenker says sale is proceeding as owner report major loss

The freight forwarder is a bright spot in Deutsche Bahn’s H1 results that showed an overall loss for the state-owned group.

For subscribers

DB Schenker owner to lay off 30,000 after huge loss

Deutsche Bahn will shed a large number of employees over the next five years.

For subscribers

Logistics

DB Schenker says sale is proceeding as owner report major loss

The freight forwarder is a bright spot in Deutsche Bahn’s H1 results that showed an overall loss for the state-owned group.

For subscribers

Container

CMA CGM benefits from acquisition while ocean freight lags behind

The French shipping group increased its revenue, but the overall result did not follow suit. On the other hand, the logistics business is making strong progres.

For subscribers

Container

Maersk settles case about fired whistleblower

Maersk’s US subsidiary must change its practices after firing a whistleblower who raised concerns about safety on a ship. Updated.

For subscribers

Michael Ebbe, Chief Financial Officer of DSV. | Foto: PR / DSV

Logistics

DSV is on the hunt for efficiencies: "We believe this is due dilligence"

A small number of employees are at risk of losing their jobs as a result of efficiency measures, says the logistics company’s CFO.

For subscribers

Suppliers

Affinity takes big hit by dropping Russia business: "Very painful"

UK ship brokerage boss says company has suffered from the decision not to undertake Russia-related activity because of that country’s invasion of Ukraine.

For subscribers