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Two Korean oil firms considering legal action against OW Bunker

As the number of companies looking to sue bankrupt OW Bunker continues to grow two South Korean oil companies are reported to be considering legal action.

Marcus Hand, Editor

November 13, 2014

1 Min Read
Kalyakan - stock.adobe.com

South Korean oil refiners SK Energy and GS Caltex are both reported to be looking into legal action against OW Bunker, which filed for bankruptcy on Friday.

“We are considering all possible legal actions...We don’t have exact schedules over legal actions, though,” a spokeswoman at SK Innovation Co Ltd, which fully owns South Korea’s largest refiner SK Energy, told Reuters.

A spokesman for GS Caltex, a Korean joint venture, was also reported as saying they were considering legal action.

Neither company revealed its losses to the Danish bunker supplier.

About the Author

Marcus Hand

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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