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.

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.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading