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OW Bunker trustee: Giant Singapore losses still a mystery

It is still a mystery to the curator of bankrupt OW Bunker's estate, lawyer Pernille Bigaard, what happened to the oil that Singapore-based subsidiary DOT sold to Tankoil. In an interview with ShippingWatch, she takes stock of the situation one month after the dramatic collapse.
Photo: Carsten Bundgaard, Jyllands-Posten
Photo: Carsten Bundgaard, Jyllands-Posten
BY TOMAS KRISTIANSEN AND OLE ANDERSEN

OW Bunker's losses on credits issued to one single customer through subsidiary Dynamic Oil Trading in Singapore - which the former board of directors put at an estimated USD 125 million and which it also claimed was the result of fraud perpetrated by leading employees at the company - still represent a mystery to the trustee of the bankrupt estate, lawyer Pernille Bigaard of law firm Plesner.

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