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OW Bunker units file Chapter 11 petitions

The 3 subsidiaries listed assets of US$50m against debt of US$100m

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EMPTY VESSEL: The chemical tanker OW Aalborg in the port of Copenhagen. OW Bunker ceased to operate last week.

New York

THREE US units of OW Bunker, the Danish shipping-fuel supplier that went from a US$1 billion valuation after its initial public offering in March to bankruptcy last week, sought creditor protection in Connecticut.

The subsidiaries filed Chapter 11 petitions on Thursday in

sentifi.com

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