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.
BY TOMAS KRISTIANSEN AND OLE ANDERSEN
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.
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