OW Bunker files for restructuring after fraud discovery
NOVEMBER 6, 2014 — Copenhagen, Denmark, headquartered OW Bunker, which raised around $980 million in an IPO back in April, said today “that it must be assumed the group’s equity is lost.”
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Scrubbers mean likely changes to bunker delivery notes
OCTOBER 22, 2014 — Here’s another example of how changes to regulations mean changes in the reams of paperwork confronting the marine industry. The text of the supplier’s declaration required on the
Singapore cancels Northwest Resources bunker licenses
SEPTEMBER 8, 2014 — The Maritime and Port Authority of Singapore (MPA) has cancelled the bunker supplier and bunker craft operator licenses of Northwest Resources Pte Ltd with effect from September 1,
OW Bunker makes first LA/Long Beach physical delivery
MAY 8, 2014 — Nørresundby, Denmark, headquartered OW Bunker, one of the world’s major physical distributors and resellers of marine fuel, reports that its newly established physical distribution operation in Los Angeles
Chief engineer gets jail term for Singapore bunker scam
APRIL 17, 2014 — A Singapore court has sentenced the chief engineer of a 105,365 dwt crude oil tanker to 18 months in jail for his role in a bunkering “buy back”
Singapore cancels Coteam Petroleum bunkering licenses
APRIL 1, 2014 — The Maritime and Port Authority of Singapore (MPA) has cancelled the bunker supplier and bunker craft operator licenses of Coteam Petroleum Trading Pte Ltd with effect from April
Singapore yanks two bunker supplier licenses
JANUARY 15, 2014 — The Maritime and Port Authority of Singapore (MPA) has cancelled the bunker supplier licenses of Excel Petroleum Enterprise Pte Ltd and Lian Hoe Leong & Brothers Pte Ltd
Private equity firm buys DNV Petroleum Services
OCTOBER 2, 2013 — Funds managed by European private equity investor IK Investment Partners (IK) are to acquire DNV’s subsidiary DNV Petroleum Services (DNVPS). Financial details for the transaction were not disclosed.
Singapore cancels another bunker supplier license
JULY 8, 2013 —The Maritime and Port Authority of Singapore (MPA) has canceled Palmstone Petroleum Pte Ltd’s bunker supplier license with effect from today. The action is the latest in a continuing
Four charged with Singapore bunker delivery scam
MAY 16, 2013 — Singapore authorities have charged four men for their involvement in an alleged bunker delivery scam. The four accused persons are Antonov Sergey (“Antonov”) employed by M/s V Ships