OW Bunker CEO doesn't believe in sale this year

The sale of oil giant OW Bunker is a long way from happening, and it probably won't happen this year, says CEO Jim Pedersen after media speculations that the company was aiming for a stock listing.

The summer put a damper on the sales process of OW Bunker, one of the world's largest bunker companies. Sweden-based private equity fund Altor has been readying the company for a sale since April, and if you ask the company's CEO, Jim Pedersen, the process could easily take years:

"I don't believe we'll be sold this year," he tells ShippingWatch.

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