Results for Denmark
- Altor: OW Bunker Management Not Responsible for Bankruptcy
Tor Krussell of Altor says that there is no evidence that the OW Bunker Board made any decisions that led to the bankruptcy, ShipandBunker.com reported today. Swedish private equity fund Altor, former owner of now defunct OW Bunker, says that while the c ...
Daily Headline - abi_admin - 12/31/2015 - 14:04 - 0 comments
- Denmark's Lundbeck To Cut 1,000 Jobs In Restructuring
Drug maker Lundbeck will slash costs by 3 billion Danish crowns ($444.6 million) and cut 1,000 jobs in a bid to regain profitability, the company announced on Wednesday. The Danish firm, which appointed a new chief executive last May, sells drugs to trea ...
Daily Headline - global.abi.org - 08/19/2015 - 21:35 - 0 comments
- Concern in Denmark as Its Currency’s Peg to the Euro Is Strained
In recent weeks Denmark’s fixed exchange-rate regime has come under extreme strain, as moves by the European Central Bank have caused the value of the euro to plummet, the International New York Times reported. That has led to grave concern here, as ...
Daily Headline - global.abi.org - 02/12/2015 - 22:21 - 0 comments
- Danish Shipping Company Copenship Files For Bankruptcy
Privately-owned shipping company Copenship has filed for bankruptcy in Copenhagen after losses in the dry bulk market, its Chief Executive Michael Fenger told Reuters. Copenship had been operating over 50 chartered small-sized dry-bulk vessels carrying g ...
Daily Headline - global.abi.org - 02/04/2015 - 21:48 - 0 comments
- Fleet-Owning Unit Of Bankrupt OW Bunker Taken Over
OW Tanker, a unit of bankrupt OW Bunker and owner of its marine fuel supply ships, has been taken over by a newly-created company, the fleet manager told Reuters on Wednesday. OW Bunker, the largest ship fuel supplier in the world, collapsed earlier this ...
Daily Headline - global.abi.org - 11/27/2014 - 19:38 - 0 comments
- Concern Rises As Cracks Appear In Nordic Model
Cracks are beginning to appear in the vaunted Nordic model. The four main Nordic countries – Denmark, Finland, Norway and Sweden – still grace the top of most global rankings for happiness, competitiveness, the best place to be a woman and even the best ...
Daily Headline - global.abi.org - 11/20/2014 - 21:17 - 0 comments
- OW Bunker Far East To Meet Liquidator On December 4; Six More Vessels Arrested
The Singapore arm of bankrupt Danish shipping fuel trader OW Bunker will meet with its liquidator KPMG in early December to discuss the firm's outstanding debt, which totals almost $1.5 billion globally, Reuters reported. OW Bunker, a leading suppli ...
Daily Headline - global.abi.org - 11/18/2014 - 20:58 - 0 comments
- Belgian Law Firm Deminor Says Contacted By OW Bunker Investors
Belgian law firm Deminor said it had been contacted by 15 to 20 investment firms considering legal action over the failure of OW Bunker, the world's largest shipping firm which filed for bankruptcy a week ago, Reuters reported. Deminor, which specia ...
Daily Headline - global.abi.org - 11/16/2014 - 20:54 - 0 comments
- Four More Firms File Claim Against Bankrupt OW Bunker
A flurry of firms have filed lawsuits against the Singapore units of bankrupt Danish shipping fuel trader OW Bunker, with claims totalling more than S$5 million, and traders say this is likely just the beginning of a wave of court actions. Court document ...
Daily Headline - global.abi.org - 11/12/2014 - 20:46 - 0 comments
- Danish OW Bunker Seeks Court Protection For Insolvency
Danish bunker supplier OW Bunker announced Thursday, November 6, that two of its major operating subsidiaries were expected to be insolvent and it is seeking court protection, Platt’s reported. The bunker supplier is seeking protection for subsidiaries O ...
Daily Headline - global.abi.org - 11/06/2014 - 22:02 - 0 comments