OW Bunker's partners fell one by one in Singapore

Two of OW Bunker's close collaborative partners in Singapore, in which OW Bunker held considerable claims, were in serious trouble a few days before the Danish bunker company collapsed. One of the partners has filed for bankruptcy.

BY OLE ANDERSEN

Just a few days before OW Bunker's Board of Directors on Wednesday last week had to face the fact that the company's equity had been lost to massive credits to bunker suppliers in Singapore as well as speculative oil contracts, two of OW Bunker's close collaborative partners found themselves in trouble.

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