World News
OW Bunker: Danish Prosecutor to Appeal Møller Sentence
Thursday June 21, 2018
Denmark's Serious Economic and International Crime (SØIK) will appeal the recent verdict delivered against former Dynamic Oil Trading (DOT) CEO Lars Møller for his part in the 2014 collapse of parent company OW Bunker, Danish media reports.
Following a lengthly legal process, last month Møller was sentenced to an 18 month jail term for his involvement in credit indiscretions that resulted in losses amounting to some $125 million.
The Danish Prosecutor had originally sought a term of five years.
The case is now set to be reviewed by the Danish High Court.
Møller's team was also unhappy with the May verdict, and has also lodged an appeal with a view to having the case dismissed.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 556.00 | 9.50 | 674.00 | 4.50 |
| Rotterdam | 507.00 | 5.00 | 663.50 | 12.50 |
| Houston | 549.50 | 2.50 | 677.00 | 5.00 |
| Fujairah | 548.50 | 7.00 | 748.50 | 4.50 |
| Global 20 Ports Average | 580.00 | 3.50 | 761.00 | 1.50 |
| Global 4 Ports Average | 540.00 | 6.50 | 691.00 | 6.50 |
| Global Average Bunker Price | 625.50 | 7.00 | 809.50 | 1.50 |
Popular Now More
-
Nov 27The company is looking for candidates with shipping industry experience and strong negotiation skills. -
Nov 25The firm has halted production as of November 25 due to a lack of prompt availability of commercially viable feedstock. -
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer.