Former OW Bunker Man Start His Own Broking Firm

zoom Former director of OW Bunkers Dynamic Oil Trading (DOT) subsidiary in Dubai Jesper Jervild has established a bunker broking company following OW Bunkers demise.  Aside to bunker broking services, the newly-established Liberty Marine offers in house bunker broking services. The aim behind the Dubai-based broking company is to provide owners and suppliers with transparency in a time of turmoil in the bunker industry, as described on the companys website. In addition, the company claims that it eliminates the risk of double payments and hidden surprises to owners. Now, many customers want to get the bills directly from suppliers. Customers will know exactly who they are dealing with many suppliers prefer to know who ultimately pay the bills, making them better able to assess the credit risk,  Jervild is quoted as saying by Danish newspaper Børsen. OW Bunkers collapse has had a ripple effect across the bunkering industry including the most recent decision of Turkish oil company Opet to shut down its Singapore office. Singapore-based Opet Trade had exposure to OW Bunker Far East and its subsidiary Dynamic Oil Trading totalling USD 33.2 million, Reuters reports basing its argument on a list compiled by provisional liquidators KPMG. Opet Trade has also been exposed to the insolvencies of Baxus Marine in 2012 and Vanguard Energy last year, Reuters source said. World Maritime News Staff