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Shipowners get a breather in OW dispute

The decision to have the UK Supreme Court assess the pivotal trial case in the large-scale dispute following the collapse of OW Bunker, and ING Bank's subsequent arrests of vessels, is good news for shipowners, Johannes Grove Nielsen, partner at law firm Bech-Bruun, tells ShippingWatch.

Photo: Bech Bruun

Although it did not come as a big surprise to many people that the UK Supreme Court will now treat the so-called Res Cogitans case in the major OW Bunker conflict, the ruling still provides a certain amount of relief among shipowners around the world.

One of the lawyers involved, Johannes Grove Nielsen, who has served as consultant to various Danish and foreign carriers, is a partner at law firm Bech-Bruun and - as he explains - he has not dealt with much else since the collapse of the Danish bunker company almost 18 months ago. During this time, he has witnessed how carriers risk paying for deliveries of bunker oil two or even three times - and particularly OW Bunker's bank connection, Dutch ING Bank, has aggravated many carriers, as the bank has tried to get a hold of cash by arresting ships around the world.

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