Whack, whack whack: it's my winter almanac
Goodbye 2022 … uh oh, here comes 2023
The bunker supply sector is still reeling from the bankruptcy of the world’s largest maritime fuel provider and Denmark’s third largest company last week. OW Bunker filed for bankruptcy in Aalborg, Denmark on Friday, after uncovering an alleged $125m fraud at the company’s Singapore-based subsidiary Dynamic Oil Trading.
Given that OW Bunker was already in hock to 13 banks for $750m its hopes of obtaining more credit following the revelations of fraud were obviously non-existent leaving the company little other option than to pull the rug.
The common assumption is that there is always money to be made from oil: that is until somebody is allowed into the kitchen to cook the books.
Etail by air – here to stay or on a short shelf life?
HMM sees opportunities in Hapag-Lloyd’s exit from THE Alliance
How crazy is this: DSV goes hostile on Expeditors or CH Robinson?
Liners unveil Asia-Europe FAK price hikes to arrest steady rate decline
Legal battle heats up over 'unseaworthy' and 'reckless' MV Dali
Increasing scrutiny could stall rise of ecommerce platforms, as TikTok faces US ban
Another strong month for US ports as container flows continue to rise
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
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