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OW Bunker and the failure in governance

Lack of transparency and conflicts of business roles are among the underlying causes of the collapse of the global marine fuel logistics firm.

Published Thu, Mar 5, 2015 · 09:50 PM

Corporate governance

ON NOV 6, 2014, news broke about an alleged fraud and risk-management failure at Dynamic Oil Trading (DOT), one of the two Singapore subsidiaries of OW Bunker A/S, a Danish global marine fuel logistics company which listed on the Nasdaq OMX Copenhagen on March 28 last year.

Apparently, DOT's CEO …

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