Denmark Charges Former OW Bunker Manager with Fraud
Denmark's general prosecutor said on Thursday it had charged a former Singapore unit manager of Denmark-based OW Bunker with fraud. The prosecutor said the former manager, a Danish citizen, has been charged with committing fraud of agent for more than 800 million Danish crowns ($122.79 million) by granting credit outside his mandate. The prosecutor also said it did not find legal grounds for criminal prosecution of other management members within the OW Bunker group, the world's biggest marine fuel supplier before it went bankrupt in 2014. Reporting by Stine Jacobsen
OW Bunker Acquires Wilhelmsen Marine Fuels
OW Bunker, a physical distributor and reseller of marine fuels, today announced that it has acquired marine fuel broker Wilhelmsen Marine Fuels, a subsidiary of Norwegian Wilhelmsen Maritime Services, for an undisclosed sum. Wilhelmsen Marine Fuels’ main activity is broking services from offices in Oslo, London and Singapore, servicing customers on a global basis, but with a key presence in Singapore and the ARA-region (Amsterdam, Rotterdam, Antwerp). Executive Vice President, Götz Lehsten, OW Bunker, commented, “Wilhelmsen Marine Fuels has a strong team and an interesting customer base that fits well into OW Bunker’s integrated business model.
OW Bunker to Supply Low Sulphur Fuel
Responds to increased ECA demand with launch of LSFO supply barge. OW Bunker, a global supplier and trader of marine fuel and lubricants, has announced that it will supply low sulphur 1% RMG 380cst fuel from Balboa, Panama from mid-October 2012. The move will serve to meet the growing demand from customers transiting the North American ECA zones. The company's local supply tanker, MT Star Alpha, has been released from dry-dock following modifications to the supply vessel's tanks to provide complete segregation of LSFO products, which is vital to ensuring quality.
Marine Fuel Provider Launches US Operation
OW Bunker, one of the world’s leading suppliers and traders of marine fuel, announce its intention to launch new operations in the US. With an anticipated commencement date of May 2012, the move will provide the company with a complete global offering for its customers. OW Bunker already has a significant presence in Asia, Europe, South America, Africa and the Middle East, and has delivered sustained expansion and growth over the past five years. OW Bunker will launch its first trading operation in Houston, with further plans to expand on the East and then West Coast. The US office will also act as an internal purchasing centre for the whole OW Bunker Group…
OW Bunker Announces Plans for U.S. Expansion
OW Bunker, one of the world's leading suppliers and traders of marine fuel, announced its intention to launch new operations in the U.S. With an anticipated commencement date of May, 2012, the move will provide the company with a complete global offering for its customers. OW Bunker already has a significant presence in Asia, Europe, South America, Africa and the Middle East, and has delivered sustained expansion and growth over the past five years. OW Bunker will launch its first trading operation in Houston with further plans to expand on the East and then West Coast. The U.S. office will also act as an internal purchasing center for the whole OW Bunker Group…
As Australia-Asia Trade Grows, So Too Does Bunker Use
OW Bunker confirmed an increase in demand for bunkers across the Pacific Islands, resulting from a further strengthening in trade between Australia, China, Indonesia and India and further growth in the domestic cruise industry. OW Bunker Australia, which acts as the OW Bunker Group's purchasing centre for the region, has reported that the Pacific Islands are experiencing an increase in demand for marine fuel as Australia's commodities markets and marine tourism industries continue on a positive growth trajectory. OW Bunker has confirmed that availability of both 0.1% MGO and 3.5% fuel oil across the region is sufficient to meet demand, with a strong supply infrastructure throughout the Pacific Islands. Stefan Poulus, Branch Manager, OW Bunker Australia.
O.W. Bunker Expands Far East Business
O.W. Bunker has expanded their activities in the Far East with the establishment of O.W. Bunker China Ltd. The new company will be situated in Hong Kong and is the result of the purchase of all activities from South Horizons International Petroleum Ltd. (SHIP), Hong Kong. With effect from 1st May, 2004, all bunker activities of SHIP Hong Kong will be transferred to the newly established company. O.W. Bunker China Ltd. will concentrate their trading activities within the rapidly developing Chinese market. Mr.
