ShippingWatch

OW Bunker loss forces Wiljo to Chapter 11

The collapse of OW Bunker has dragged down the major Belgian bunker company Wiljo and forced it to file for Chapter 11 – like protection, according to a release sent to ShippingWatch.

Photo: Kasper Palsnov/Jyllands-Posten

One of the biggest creditors of the OW Bunker collapse, Belgian bunker provider Wiljo, has filed for Chapter 11 - like protection in Antwerp, the company informs ShippingWatch. Wiljo does not want to elaborate on the specific reasons of the dramatic decision but says in short release that it is confident that this step can lead to a restructuring of the company that is one of the important bunker stakeholders in the huge Belgian and Dutch ports.

However, according to several market sources ShippingWatch has spoken to, the collapse and outstanding orders with OW Bunkers of about 12 million USD was the straw to decide to restructure the company.

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