ShippingWatch

Does the OW Bunker management have a case?

Sources with knowledge of OW Bunker and risk management in the international bunker industry question the bunker company’s explanation concerning the systematic fraud that had been going on at its Singapore unit for months.

Photo: OW Bunker/PR

Can one or a few leading employees, regardless of their location, drive a company into the ground in a matter of months and singlehandedly be responsible for losses of up to USD 125 million?

Several sources in the international bunker business, to whom ShippingWatch has spoken, question that - although OW Bunker’s Chairman, Niels Henrik Jensen, penned and sent out a statement that unequivocally stated that OW Bunker had been the victim of fraud from its Singapore subsidiary, Dynamic Oil Trading.

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