A part of Watch Media

ShippingWatchTuesday7 February 2023

  • Search
  • Log in
  • Carriers
  • Logistics
  • Regulation
  • Suppliers
  • Search
  • Log in
  • Latest
  • Search
  • Log in
  • Carriers
  • Logistics
  • Regulation
  • Suppliers
  • Offshore
  • Ports
07/01/2016at 12:28

Bunker industry haunted by banking ghost

One year after the collapse of OW Bunker, the global bunker industry is forced to handle bank deals with great caution. Mortgages in invoices can make customers panic, as Peninsula has experienced. Bunker Holding has deliberately opted to keep the banks out of it.
Photo: OW Bunker
Photo: OW Bunker
BY KATRINE GRØNVALD RAUN AND TOMAS KRISTIANSEN

Even though more than a year has passed since the historic collapse of OW Bunker, the industry displays a noticeable fear of suddenly being hunted down by the bunker companies' bank connections. This fear is widespread among sellers of bunker fuel as well as the buyers, which include all kinds of global carriers.

Already a subscriber?Log in here

Read the whole article

Get access for 14 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

Get full access for you and your coworkers

Start a free company trial today

Related articles:

  • Photo: Andreas Vallbracgt-Prachtvoll/Jyllands-Posten

    OW trustees use untested Danish law to hunt carriers

    For subscribers

  • Bunker Holding secures USD 650 million loan facility

    For subscribers

  • Photo: Pressefoto

    Bunker Holding: Trust has disappeared after OW collapse

Sign up for our newsletter

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

!
Newsletter terms

Front page now

Foto: Sund & Bælt
Offshore

Danish authorities suspending 23GW of offshore wind projects

The Danish Energy Agency has temporarily halted all processing of projects applying for licenses via the national open-door ordinance to await the EU’s assessment of the scheme’s compliance with EU law.
  • Ziton wins multi-year deal with German utility
  • Clarksons banks on offshore wind with new US office

For subscribers

Foto: Magnus Møller
Featured

Eitzen son wants to electrify shipping as new CEO of Christiania Shipping

For subscribers

Mads Drejer, driftsdirektør hos Scan Global Logistics | Foto: Pr-foto Scan Global Logistics
Logistics

New owner to improve Scan Global Logistics’ acquisition abilities

For subscribers

Foto: Jon Nazca/Reuters/Ritzau Scanpix
Container

Carriers are becoming more punctual following massive delays during the pandemic

For subscribers

Foto: Scan Global
Logistics

Scan Global Logistics sold to private equity firm

For subscribers

Sultan Ahmen Bin Sulayem commands Dubai-based DP World. | Photo: DP World
Ports

DP World expects uncertain growth developments in 2023

For subscribers

Further reading

Axel C. Eitzen and Eitzen Group acquire the majority stake of a Norwegian supplier of automation and energy systems for shipping. | Foto: PR
Suppliers

Eitzen Group buys Norwegian marine tech company

The group, which owns tanker carrier Christiania Shipping, has acquired the majority stake in Høglund Marine Solutions, which has systems installed on hundreds of ships.

For subscribers

Foto: Jens Dresling
Suppliers

EU project aims to make marine fuels with green energy

A new international project intends to use surplus energy to produce ammonia fuel for ships.

For subscribers

Lars Jensen is a shipping analyst and founder of consultancy Vespucci Maritime. In the future, he will write two opinion pieces for ShippingWatch a month. | Photo: Magnus Møller
Container

Opinion: Maersk and MSC heading for direct confrontation over customers

Ahead of the 2M alliance’s final termination in 2025, Maersk and MSC will probably try to steal customers from each other, writes analyst Lars Jensen.

For subscribers

Latest news

  • Danish authorities suspending 23GW of offshore wind projects – 07:22
  • Fredriksen company raises funds for arbitration case against shipyard – 6 Feb
  • French shipping tycoon ramps up M&A hunt with eye on Bollore arm – 6 Feb
  • Stolt-Nielsen plans listing for Stolt Tankers in 2023 – 6 Feb
  • Eitzen son wants to electrify shipping as new CEO of Christiania Shipping – 6 Feb
  • New owner to improve Scan Global Logistics’ acquisition abilities – 6 Feb
  • DP World expects uncertain growth developments in 2023 – 6 Feb
  • Carriers are becoming more punctual following massive delays during the pandemic – 6 Feb
  • EU project aims to make marine fuels with green energy – 6 Feb
  • Scan Global Logistics sold to private equity firm – 6 Feb
See all

Jobs

  • Foundation Package Manager - Offshore wind industry

  • Copenhagen Shipping Company is hiring a skilled cargo broker

  • Head of P2X Marketing and Sales (m/f/d)

  • Fleet Manager

  • Chartering Manager for Lauritzen Bulkers A/S

  • Vessel Manager Marine and QA

  • Ambitious employee for Shipping office wanted

  • Senior Financial Controller

Jobs

  • Foundation Package Manager - Offshore wind industry

  • Copenhagen Shipping Company is hiring a skilled cargo broker

  • Head of P2X Marketing and Sales (m/f/d)

  • Fleet Manager

  • Chartering Manager for Lauritzen Bulkers A/S

  • Vessel Manager Marine and QA

  • Ambitious employee for Shipping office wanted

  • Senior Financial Controller

See all jobs

Colophon

ShippingWatch
Search

Sections

  • Carriers
  • Logistics
  • Regulation
  • Suppliers
  • Offshore
  • Ports
  • Sitemap
  • RSS feeds

Editor

Tomas Kristiansen

tk@shippingwatch.dk

Tel.: +45 3330 8360

  • About ShippingWatch

Editor-in-chief

Anders Heering

Publisher

JP/Politiken Media Group Ltd

Advertising

annoncering@infowatch.dk

Tel.: +45 7077 7445

Advertising

Job Advertising

job@infowatch.dk

Tel.: +45 7077 7445

Jobs

Subscription

Try ShippingWatch or get an offer for a subscription meeting the exact needs of you or your company.

shippingwatch@infowatch.dk

Tel.: +45 7077 7445

Learn more about subscriptions here

Address

ShippingWatch

Rådhuspladsen 37

1785 Copenhagen K, Denmark

Tel.: +45 3330 8360

Guidelines

  • Privacy Policy

Copyright © ShippingWatch — All rights reserved

Microsoft is in the process of discontinuing Internet Explorer – and so are we.
For a better experience, we recommend using one of the following browsers.

Kind regards,
ShippingWatch

Google ChromeMozilla FirefoxMicrosoft Edge