BunkeringEuropeFinance and Insurance

ING and BNP Paribas drawn into OW Bunker bankruptcy saga

Copenhagen: The scandal following the collapse of OW Bunker four months ago is snaring more and more high profile names. Two banks, ING and BNP Paribas, might be dragged into court by the bankruptcy trustees of OW Bunker over mortgages on stocks for DK0.5bn ($70m).

“We are taking this issue very seriously and will do what is necessary, but since there is an ongoing relationship, we cannot comment on it,” Bob De Leersnyder from the press service of ING’s Belgian division told Danish newspaper, Børsen.

The two banks have been looking to sell some of OW Bunker’s oil stocks to try and claw back money.

 

 

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.
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