Suppliers

OW's management knew about giant Singapore credits

A printout from OW Bunker's own financial system shows that the collapsed bunker group had, by as early as September, registered a claim of almost USD 80 million to one single client. "Completely obvious that the OW Bunker senior management was able to follow developments," lawyer tells ShippingWatch.
BY TOMAS KRISTIANSEN AND OLE ANDERSEN

Credits for a total USD 79.4 million provided by OW Bunker's subsidiary in Singapore to local bunker supplier Tankoil Marine Services were known by and registered in the financial system at the now-crashed bunker group's headquarters in Nørresundby, Denmark.

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