OW Bunker China seeks court protection

OW Bunker China seeks court protection

Hong Kong: OW Bunker China, a Hong Kong subsidiary of the bust Danish ship fuel firm, has moved to wind itself up. The move is similar to other subsidiaries around the world that have also sought court protection.

In related news, the Hong Kong Companies Registry has received notice of the appointment of receivers over certain security interests created by OW Bunker China and other group companies in favour of ING Bank.

Receivers will be contacting shipowners and charterers in relation to payment for bunker stems which have not yet been settled.  [25/11/14]

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