Saturday, November 08, 2014

Danish ship fuel supplier OW Bunker goes bankrupt

The world's largest ship fuel supplier, OW Bunker, has filed for bankruptcy after alleged fraud.

The company's troubles came to light earlier this week when it discovered suspected fraud by senior employees in a Singapore-based subsidiary.

OW Bunker is Denmark's third-largest company and supplies 7% of the world's bunker fuel, used in shipping .... http://www.bbc.com