Former OW Bunker Manager Appeals 18-month Jail Term

June 12, 2018

(File photo: OW Bunker)
(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

Logistics News

Rio Tinto Ships Eight Billionth Tonne of Iron Ore from the Pilbara

Rio Tinto Ships Eight Billionth Tonne of Iron Ore from the Pilbara

Third VLCC Exits Strait of Hormuz

Third VLCC Exits Strait of Hormuz

AAPA Supports House Appropriations Bill with $538m for Port Infrastructure

AAPA Supports House Appropriations Bill with $538m for Port Infrastructure

US Grain, Soy Futures Drop After US-China Talks

US Grain, Soy Futures Drop After US-China Talks

Subscribe for Maritime Logistics Professional E‑News

The wage drama at Samsung Electronics is not over.
Sources say that the freight rates for Russia's Urals are weakened due to an oversupply of tons.
FAA: SpaceX wants to launch 10,000 launches per year within five years