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South Korea refiners consider legal action over OW losses
Published Thu, Nov 13, 2014 · 09:50 PM
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Seoul
SOUTH Korea's two major refiners are considering legal action to recover losses tied to the collapse of the world's largest marine fuel supplier, Denmark's OW Bunker, which has started winding up its Singapore unit, industry sources said on Thursday.
OW Bunker filed for bankruptcy last Friday after an alleged fraud at a Singapore subsidiary, Dynamic Oil Trading, cost it at least US$125 million and b…
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