OW Bunker crash leaves bloody trail through oil companies

Numerous suppliers and collaborators have enormous claims waiting in crashed OW Bunker, according to ShippingWatch's sources. Marine insurer Skuld advises shipowners to act immediately.

Several of Singapore's biggest bunker companies, oil traders and suppliers look more than likely to face considerable losses due to the crash of OW Bunker, which has in just a few days lost all of its equity following alleged fraud and losses from risk-fraught oil contracts, and the company was forced to file for bankruptcy on Friday night.

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

Further reading

Related articles

Latest news

See all jobs