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Bunker market approaching normal after OW collapse

The bunker market is approaching normalization after the demise of OW Bunker, says Keld Demant, CEO of Bunker Holding, which has boosted its business and hired 75 former OW employees.

Photo: Pressefoto
BY OLE ANDERSEN

Barely four months after OW Bunker's financial meltdown, which due to the size of the company caused chaos in numerous places around the world, the situation is now returning to normal, says Keld Demant, Group CEO of Danish Bunker Holding, which has taken over a portion of OW Bunker's business and hired about 75 former OW employees.

"On a global scale we've obtained employees from Singapore in the east to Chile in the west, and from just about every place in between, in North and South America, Europe, The Middle East, Africa and all of Asia. With the surprising and sudden collapse of such a big player, a natural hole was created, which our organization could use, so I can confirm that it has boosted our business," Keld Demant tells ShippingWatch.

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