The Danish Attorney General's Office for fraud and financial crimes (SØIK) will reportedly be appealing the judgement against Lars Moller, the former CEO of OW Bunker subsidiary firm Dynamic Oil Trading (DOT), at the Court of Aalborg in Denmark for a stricter sentence.
The Danish court in May charged Moller with misconduct of “a particularly serious nature”, cf. section 280 (2) of the Criminal Code, cf. section 286 (1); he was also found guilty of violation of section 299 (1) of the Criminal Code.
Moller in mid-June planned to appeal against an 18-month jail term sentence by the Court of Aalborg in Denmark.
OW Bunker, which was bankrupted in November 2014, found DOT trading with a partner that significantly exceeded the approved credit limit of USD $10 million.
“It was established by the judgment that at the time of the competition there were a total of about USD $90.2 million in transactions which had not been posted,” a statement from the court revealed.
Related: OW Bunker: Judgement to be appealed
Related: OW Bunker verdict: Prison sentence for Lars Moller
Related: OW Bunker: Verdict to be out on Wednesday
Related: Dynamic Oil trial: Lars Moller provides testimony
Related: All eyes on Dynamic Oil criminal trial at Denmark
Related: Dynamic Oil criminal trial set to begin in April
Photo: Per Johansen
Published: 22 June, 2018
Manifold Times obtains document purportedly showing total debt of approximately US $357 million to 79 firms.
‘This is a blatant provocation and a serious violation of our sovereignty and international law,’ says Singapore minster.
Vessel alleged to have supplied 4,320 mt of diesel to DPRK tankers during September 2017 in East China Sea.
Order effective 10 January initiated by Hudong Heavy Machinery Co. Ltd, Shanghai Spare Parts Branch.
Koh Seng Lee was subject to questioning by lawyers representing Clarence Chang and CPIB at the State Courts of Singapore on Thursday (11 April).
Meeting will be to receive a full statement of the company’s affairs together with a list of its creditors and the estimated amount of their claims, amongst others.
Transferred shares of 40 subsidiaries to BVI firm after tribunal awarded claims in favour of Trinity Seatrading; YSPL has also filed a civil complaint against DNV and Liberian ship registry at Nanjing Maritime Court.
ADNOC L&S, Gulf Energy Maritime, Cockett Marine Oil, Mideast/Bahri Ship Management and VPS experts present their views on biofuel bunker hurdles at the VPS Biofuels Seminar in Dubai on 16 March.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.
