Thu 20 Nov 2014 15:18

Couche-Tard subsidiary tops list of 100 OW Bunker creditors


100 firms are said to be owed almost $678 million. Top 20 companies make up 52.3 percent (over $354 million) of the total.



Statoil Fuel & Retail Norge AS - a wholly owned subsidiary of Quebec-headquartered Alimentation Couche-Tard Inc. (Couche-Tard) - tops a list of 100 creditors with money owed to them by OW Bunker, ShippingWatch reports today.

The Scandinavian transport fuel retailer, which has a retail network across Scandinavia, Poland, the Baltics and Russia, and owns and operates 12 terminals and 38 depots in eight countries, is said to be owed $29,585,253.83 by OW Bunker.

The other four companies making the top five are Opet Trade Singapore Ple Ltd - a unit of leading Turkish gasoil and gasoline distributor Opet Petrolculuk AS - at $25,911,550.52; leading European marine fuel supplier Argos Bunkering B.V. at $23,984,158.36; Petrochina International (S) Pte Ltd, said to be owed $23,418,430.21; and South Korea's SK Trading International Co. Ltd, reportedly owed $23,056,686.81.

According to the data, the total amount owed to the 100 companies in the list is $677,991,705.81. The outstanding claims for the first 10 companies alone amount to $217,899,957.44, or 32.14 percent of the total. The top 20 firms are said to be owed $354,784,966.07, or 52.33 percent, and the first 50 companies $546,720,114.10, or 80.64 percent.

A breakdown has been included below.

Companies Amount (US$) % of Total
Top 5 125,956,079.73 18.58
Top 10 217,899,957.44 32.14
Top 20 354,784,966.07 52.33
Top 30 439,960,220.09 64.89
Top 40 498,561,207.26 73.54
Top 50 546,720,114.10 80.64
Top 60 586,415,308.43 86.49
Top 70 617,985,209.48 91.15
Top 80 641,573,977.88 94.63
Top 90 661,061,262.58 97.50
Top 100 677,991,705.81 100


*Calculations based on a list of 100 companies published by ShippingWatch.

According to OW Bunker creditor data seen by Reuters, OW Bunker owes around 150 trading counterparties at least $730 million in outstanding fuel bills.

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