ShippingWatch

Carrier forced to pay OW bunker-bill twice

While virtually all carriers have kept it to themselves if they have paid twice for bunker from now-collapsed OW Bunker, one carrier has decided to speak openly. The loss could come to several hundred thousand dollars.

Copyright OW Bunker A/S
Photo: OW Bunker

It might seem absurd for a customer to pay the same bill twice. But the Danish dry bulk carrier XO Shipping expects that two concrete arrests of ships in Turkey and the US, respectively, will end in double payments.

This relates to the now more than a year old case following the collapse of the once major Danish bunker company OW Bunker, in which Dutch bank ING, as the biggest of a total 13 creditors, are persistently trying to recover its claims of 700 million dollars from carriers around the world - even if the carriers have already paid for the bunker deliveries and have their paperwork in order.

Read this article for free

Register with your E-mail.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

Related articles

Latest news

Jobs

See all

See all