"OW Bunker was a meltdown of nuclear dimensions"

The recent collapse of OW Bunker has caught the the international bunker industry off guard. "The matter will have consequences to the entire business," CEO Keld Demant, Bunker Holding, tells ShippingWatch.

BY OLE ANDERSEN

Published: 07.11.14 at 09:21

"It’s a complete meltdown of nuclear dimensions to the entire industry. The huge consequences will spread like rings in water on a global scale."

That is how an international bunker supplier describes the consequences from OW Bunker’s economic collapse to ShippingWatch the night following the tragic events. A breakdown that has caused a massive shock across of the international bunker segment, in which OW Bunker until this week held a global market share of 7% and was among the three largest suppliers and dealers of shipping fuel.

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