OW Bunker Clamps Down on COSCO

US-based arms of Danish marine fuel supplier OW Bunker, filed suit before a South District court in New Jersey against China’s Cosco Piraeus boxship, operated by China Ocean Shipping Company (COSCO).

OW Bunker USA and OW Bunker North America filed the suit on January 6th.

OW Bunker subsidiaries are claiming payment of USD 934,227.26 from Chimbusco, COSCO’s American bunkering joint venture with China Marine Bunker Supply Co., due from last year.

Chimbusco entered into a contract with OW Far East for the sale, supply, and delivery of marine fuel oil to the Hong Kong-flagged Cosco Piraeus, to be delivered at the port of New York late last year where OW USA assumed role as the contract supplier of marine fuel oil.

However, despite the fuel being delivered, Chimbusco hasn’t paid the said amount.

OW USA and OW NA filed a Voluntary Petition under Chapter 11 for bankruptcy protection in the United States Bankruptcy Court for the District of Connecticut, on November 13, 2014.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>


<< Jan 2020 >>
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >


Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >