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?

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