"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.

Photo: Pressefoto

"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.

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

CBS launches board program for the shipping industry

Supported by a number of high-profile names from the global shipping industry, CBS’s new Blue Board Leadership Programme’s first module is already half full. The faculty team includes BW Group Chairman Andreas Sohmen-Pao.

Further reading

Related articles

Latest news

See all jobs