Singapore: Dynamic Oil Trading (Singapore), the subsidiary of bankrupt Danish firm OW Bunker, is owed $329m in gross receivables, its liquidators KPMG said in a release on Friday.
In addition, DOT Singapore has more than 100 unsecured creditors to whom it owes an estimated $198m, KPMG said.
DOT Singapore and OW Bunker fell into a spectacular bankruptcy last November which shocked the bunkering industry both in terms of its scale and speed of the downfall.
The liquidators are looking into DOT Singapore’s dealings with Tankoil Marine, which is the company’s largest debtor and has recently been struck off Singapore’s approved list of accredited bunker suppliers.