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O.W. Bunker USA and affiliate O.W. Bunker North America reaches USD 23.5 million settlement with creditors

U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.

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OW Bunker and Dynamic Oil edited

The United States Bankruptcy Court on Wednesday (11 May) issued its final decree and order against the Chapter 11 cases of O.W. Bunker Holding North America Inc. and O.W. Bunker USA Inc., instructing both firms to make final distributions to creditors.

“When final distributions are made, OW Bunker USA and its affiliate OW Bunker North America will have distributed about $23.5 million to their creditors,” said Robert O’Connor, Partner at Montgomery McCracken Walker & Rhoads LLP.

Both O.W. Bunker Holding North America and O.W. Bunker USA are subsidiaries of O.W. Bunker, a firm based at Nørresundby, Denmark which was once the world’s largest bunkering firm until its collapse on 7 November 2014.

Infamously, O.W. Bunker went from initial public offering (IPO) to bankruptcy in less than a year, leaving a trail of creditors.

A total of 180 creditors have sought to seek claims from O.W. Bunker USA, according to the court creditor list document (filed: 13 November 2014) seen by Singapore bunkering publication Manifold Times.

The U.S. Claims Register Summary recorded a total USD 833,143,296.60 claims against O.W. Bunker USA; amongst claimants were:

  • Internal Revenue Service, Amount claimed: USD 393,896.81
  • Phillips 66 Company, Amount claimed: USD 1,405,385.37
  • J.A.M., Amount claimed: USD 64,466.34
  • American Express Travel Related Services, Amount claimed: USD 17,193.55
  • NuStar Energy Services, Inc., Amount claimed: USD 15,906,510.33
  • NuStar Terminals Marine Services N.V., Amount claimed: USD 2,456,997.27
  • Martin Energy Services LLC, Amount claimed: USD 1,243,380.36
  • ING CB/CSD Lending Ser.Ops,NL, Amount claimed: USD 86,602,015.00
  • Chevron Marine Products LLC, Amount claimed: USD 1,107,100.78
  • ING Bank N.V., as Security Agent, Amount claimed: USD 700,000,000.00
  • O’Rourke Marine Services, Amount claimed: USD 126,8641.31
  • Dolphin Marine Fuels LLC, Amount claimed: USD 87,165.30
  • Atlantic Gulf Bunkering, Amount claimed: USD 348,477.12
  • Bomin Bunker Oil Corporation, Amount claimed: USD 1,350,867.01
  • O.W. Bunker North America Inc., Amount claimed: USD 20,889,063.76

The High Court of Denmark in June 2018 issued Lars Moller, the former CEO of O.W. Bunker subsidiary firm Dynamic Oil Trading (DOT), an increased five-year prison sentence.

Moller was guilty of issuing credit which significantly exceeded the approved limit of USD 10 million for DOT to the tune of approximately USD 90.2 million, eventually leading to the bankruptcy of O.W. Bunker in 2014.

Related: Dynamic Oil Trading liquidators publish notice of dividend to unsecured creditors
Related: Dynamic Oil Trading liquidators plan to declare interim dividend to unsecured creditors
Related: Danish Board of Auditors issue DKK 200,000 fine to O.W. Bunker auditors from Deloitte
Related: Singapore: O.W. Bunker A/S stakeholders take Deloitte & Touche LLP to court over alleged negligence
Related: OW Bunker: High Court explains reviewed judgement of Lars Moller
Related: OW Bunker: Public Prosecutor planning to review judgement
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
Related: Holland & Knight discusses OW Bunker aftermath

 

Photo credit: Manifold Times
Published: 17 May, 2022

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Environment

Indonesia to expedite removal of sunken Malaysia-flagged tanker “Silver Sincere”

Vessel sank while carrying about 1,000 mt of waste oil on 12 January 2025; the wreck was discovered in March 2025 and was found to have drifted about 13 nautical miles from its original sinking site.

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Indonesia to expedite removal of sunken Malaysia-flagged tanker “Silver Sincere”

Indonesia’s Coordinating Ministry for Political and Security Affairs on Tuesday (14 July) held a cross-agency coordination meeting to expedite efforts in handling the Malaysian-flagged tanker Silver Sincere that sank off Bintan Regency, Riau Islands.

The vessel sank while carrying about 1,000 metric tonnes (mt) of waste oil on 12 January 2025. 

According to authorities, the ship sank within Indonesian waters. After several surveys, the wreck was finally discovered in March 2025 and it was found to have shifted approximately 13 nautical miles from the initial sinking location.

The meeting was aimed to align cross-ministerial and institutional measures to expedite the handling of the Silver Sincere wreck while minimising risks to shipping safety, the marine environment, and national interests.

Deputy for Coordination of State Defense and National Unity Purwito Hadi Wardhono emphasised that the handling of the impact of the Silver Sincere sinking was the first case to be comprehensively coordinated, serving as a model for handling foreign vessels sinking within Indonesian jurisdiction.

Through this cross-sectoral coordination, the government will establish a clear and measurable framework that can serve as a reference for resolving similar cases in the future, while minimising state losses due to environmental pollution, damage to underwater ecosystems and infrastructure, and disruption to shipping lanes.

“The most important thing is to immediately stop and prevent the negative impacts of this ship sinking,” Purwito said.

“Therefore, a coordinating role is crucial, as maritime security governance involves various ministries and institutions with varying authorities, allowing for faster, more integrated, and more effective response,” he said. 

He added that the Silver Sincere was a Malaysian-flagged vessel that sank within Indonesian jurisdiction, and therefore, all handling processes must comply with the provisions of Indonesian laws and regulations.

In the meeting, Prof. Eko Ganis Sukoharsono, representing the SAE Energy Consulting Team, presented the results of an analysis based on 14 observation periods using Sentinel-1 Synthetic Aperture Radar (SAR) satellite imagery. 

The analysis results showed strong indications of a waste oil spill that has resulted in marine pollution, damage to the seabed due to shifting shipwrecks, disruption of coastal ecosystems and fishing grounds, and potentially threatening the livelihoods of fishing communities around the Riau Islands. 

Purwito added these findings further emphasise the importance of accelerating the removal of the shipwrecks to prevent widespread environmental impacts, maintain shipping safety, and avoid the potential for greater state losses.

The meeting brought together representatives of related ministries and institutions including the Ministry of Foreign Affairs, Ministry of Defense, Ministry of Transportation, Ministry of Maritime Affairs and Fisheries, Ministry of Environment, Attorney General’s Office.  

Related: MPA: Malaysia-registered tanker “Silver Sincere” sinks off Pedra Branca

 

Photo credit: MarineTraffic / Julian T
Published: 20 July, 2026

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LNG Bunkering

Singapore: FueLNG achieves 800th LNG bunkering operation milestone

Bunker tanker “FUELNG Venosa” delivered LNG marine fuel to bulk carrier “MV Ubuntu Humanity” at Eastern Bunkering A Anchorage (AEBA) on 11 July.

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Singapore: FueLNG completes 800th LNG bunkering operation

Singapore’s licensed LNG bunker supplier FueLNG on Friday (17 July) announced the successful completion of its 800th LNG bunkering operation in the republic.

The company said bunker tanker FUELNG Venosa delivered LNG marine fuel to bulk carrier MV Ubuntu Humanity at Eastern Bunkering A Anchorage (AEBA) on 11 July. 

“This achievement is more than just a number,” FueLNG said.

“It reflects the trust our customers place in us, the dedication of our operations team, the professionalism of our marine partners, and our unwavering commitment to safe, efficient, and reliable bunker deliveries.” 

Manifold Times previously reported FueLNG completing its 500th LNG ship-to-ship (STS) bunkering operation.

Related: Singapore: FueLNG achieves milestone of 500th STS LNG bunkering operation

 

Photo credit: FueLNG
Published: 20 July, 2026

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Methanol

Western Baltic Engineering unveils green methanol bunkering vessel design for Klaipėda

Designed for flexible operations in shallow waters and local bunkering routes, the concept features an 800-metric-tonne green methanol capacity and the potential to supply up to 250,000 mt annually.

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Western Baltic Engineering unveils green methanol bunkering vessel design for Klaipėda

Ship design and engineering service provider Western Baltic Engineering on Thursday (16 July) showcased its latest concept design for a green methanol bunkering vessel, developed for the operational needs of the Port of Klaipėda.

Designed for flexible operations in shallow waters and local bunkering routes, the concept features an 800-metric-tonne green methanol capacity and the potential to supply up to 250,000 metric tonnes (mt) annually. 

“It is Western Baltic Engineering’s first concept dedicated exclusively to green methanol bunkering, expanding our portfolio of alternative-fuel vessel solutions,” the company said in a social media post.

“Building on our experience in methanol-ready vessel design, it reflects our continued focus on enabling the industry’s transition to cleaner fuels.”

“As the maritime sector evolves, engineering companies have a responsibility not only to respond to market needs but also to anticipate future challenges,” said Marius Arkusauskas, Director at Western Baltic Engineering.

“By exploring emerging technologies and alternative fuel applications, we help our partners prepare for the next generation of maritime operations while contributing to a more sustainable future.”

 

Photo credit: Western Baltic Engineering
Published: 20 July, 2026

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