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OW chairman: Board did not approve credit line that caused collapse

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The board of OW Bunker did not approve a large credit line and was "extremely surprised" by a huge trading loss, the chairman said on Thursday, referring to the two incidents blamed for the Danish ship fuel company's collapse.

Copenhagen

THE board of OW Bunker did not approve a large credit line and was "extremely surprised" by a huge trading loss, the chairman said on Thursday, referring to the two incidents blamed for the Danish ship fuel company's collapse. A credit line estimated at between US$120 million...

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