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OW Bunker CEO's testimony in 2016: no knowledge of out-of-control Singapore credits

In a comprehensive questioning by the Danish financial police in 2016, OW Bunker's now-deceased CEO Jim Pedersen denied any knowledge of the out-of-control credits at Dynamic Oil Trading, revealed a court session last Friday in the ongoing criminal trial.

Photo: Kasper Palsnov/Scanpix

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Damco maneuver could cost jobs among regional leadership

A total of 18,000 Maersk employees could in some way be affected by the large-scale integration of Damco and Maersk Line. Dual leadership roles in the regional businesses in particular could be impacted, Maersk Line CCO Vincent Clerc tells ShippingWatch.

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