rss icon Subscribe
desktop mobile

Former OW Bunker Manager Appeals 18-month Jail Term

(File photo: OW Bunker)

The former manager of marine fuel supplier OW Bunker's Singapore subsidiary said on Tuesday he would appeal the 18-month jail term he was sentenced to last month, his lawyer told Reuters.

On May 30, a Danish city court found Lars Moller, former head of Dynamic Oil Trading in Singapore, guilty of granting credit outside his mandate, contributing to OW Bunker's bankruptcy.

Moller's defense lawyer said on Tuesday, that they would appeal the verdict and aimed for him to be "fully acquitted".

The 2014 bankruptcy of the firm, then the world's leading supplier of bunker fuel with a 7 percent market share, sent shockwaves through the global shipping industry and left investors and business partners scrambling to cover their losses.


Reporting by Emil Gjerding Nielson

Jun 12, 2018

 

Fuels & Lubes

LNG Bunker Barge Completes Trials

Photo courtesy of Harvey Gulf

Harvey Gulf announced the successful completion of liquefied natural gas (LNG) trials for the

Alphabet Soup

ABS IMO DCS EUMRV Table.jpg

Emissions monitoring and reporting means ECA’s, EPA VGP, EU MRV’s, IMO-DCS, RO’s, SEEMP – and you.

More Ships Adding Scrubbers ahead of 2020

© Stockninja / Adobe Stock

An increase in the number of ships adding cleaning systems to their smokestacks will mean vessels

Legal

Norton Rose Fulbright, Citibank on USD 2.2bln Danaos Corp Restructuring

Photo: Danaos Corporation

Global law firm Norton Rose Fulbright has advised Citigroup and other lenders of Danaos on a $2.

Maersk to Pursue Separate Listing of Maersk Drilling

Photo: Maersk Drilling

Danish shipping company A.P. Moller-Maersk has decided to pursue a demerger with its offshore

Another Ship Carrying US Soybeans Enters Dalian Port

© Benjamin Marfil / MarineTraffic.com

A vessel carrying U.S. soybeans entered China's port of Dalian after sitting off coast since July

Maritime Apps