Former CFO Morten Skou and Lars Møller, director of OW Bunker subsidiary Dynamic Oil Trading, were sentenced to pay the compensation to the firm's bankruptcy estate by a Danish court on Friday.
Weak margins, rising GHG compliance costs, limited growth in alternative fuel markets, geopolitical risk and sanctions issues are coming together to paint a picture of a highly uncertain start to the year.
The MPA now lists Pertamina International Marketing & Distribution Pte Ltd among its licensed suppliers as of January 1, taking the total list to 39 firms.