New Company Takes Over OW Tanker

November 26, 2014

OW Scandinavia (Photo: OW Tanker)
OW Scandinavia (Photo: OW Tanker)
OW Tanker, a unit of bankrupt OW Bunker and owner of its marine fuel supply ships, has been taken over by a newly-created company, the fleet manager told Reuters on Wednesday.
 
Henrik Pedersen said the takeover by Alba Tanker ApS, which has the trustees of the bankrupt company on its board, is part of the process of securing assets for the estate. Denmark's OW Bunker had been the largest marine fuel supplier in the world.
 
"We are not a very big part of the company," Pedersen said by telephone. "We're the ship-owning part of OW Bunker and Trading. And that was our biggest client, of course, but we have always been run as a separate company."
 
OW Tanker owns 10 vessels according to its website.
 
(Reporting by Sabina Zawadzki, editing by William Hardy)

Logistics News

Ship Design, Maritime Accidents and There’s a Master on the Run

Ship Design, Maritime Accidents and There’s a Master on the Run

Maersk: Effective US Tariffs Average Around 21% Currently

Maersk: Effective US Tariffs Average Around 21% Currently

US Grain Shipments Surge 9% in face of Chinese Tariffs

US Grain Shipments Surge 9% in face of Chinese Tariffs

Great Lakes Limestone Trade Up in June

Great Lakes Limestone Trade Up in June

Subscribe for Maritime Logistics Professional E‑News

Trump and Zelesnkiy talk about weapons and escalating Russian attacks
Minister says Canada is waiting for private sector action on Pacific crude oil pipeline
Chinese captain in Baltic Sea cable damage case appears before Hong Kong court