ShippingWatch

Carriers weed out bunker traders following OW collapse

Carriers have reviewed their bunker agreements following the collapse of OW Bunker and are now weeding out among their traders. Sweden's Stena Bulk is now dealing directly with the bunker supplier, while Denmark's XO Shipping is also spreading out its risks, carriers tell ShippingWatch.

Photo: Stena

A big question lingers in the air after the collapse of OW Bunker in the fall of 2014:

How can the carriers avoid claims from bankrupt estates, banks as well as physical bunker suppliers if a company such as OW Bunker folds?

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Reefer rates to peak in fall season, followed by slow decline

Rates on refrigerated containers, or reefers, have increased by 50% in the second quarter compared to the same period in 2021, with growth set to continue in the third quarter. 2023, however, will see rates slowly declining, forecasts consultancy Drewry.

Further reading

Related articles

Latest news

See all jobs