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.

Chart showing percentage of off-spec and on-spec samples by fuel type, according to VPS. Is your vessel fully protected from the dangers of poor-quality fuel? | Steve Bee, VPS  

Commercial Director highlights issues linked to purchasing fuel and testing quality against old marine fuel standards.

Ships at the Tecon container terminal at the Port of Suape, Brazil. GDE Marine targets Suape LSMGO by year-end  

Expansion plan revealed following '100% incident-free' first month of VLSFO deliveries.

Hercules Tanker Management and Hyundai Mipo Dockyard sign bunker vessel agreement Peninsula CEO seals deal to build LNG bunker vessel  

Agreement signed through shipping company Hercules Tanker Management.

Illustration of Kotug tugboat and the logos of Auramarine and Sanmar Shipyards. Auramarine supply system chosen for landmark methanol-fuelled tugs  

Vessels to enter into service in mid-2025.

A Maersk vessel, pictured from above. Rise in bunker costs hurts Maersk profit  

Shipper blames reroutings via Cape of Good Hope and fuel price increase.

Claus Bulch Klausen, CEO of Dan-Bunkering. Dan-Bunkering posts profit rise in 2023-24  

EBT climbs to $46.8m, whilst revenue dips from previous year's all-time high.

Chart showing percentage of fuel samples by ISO 8217 version, according to VPS. ISO 8217:2024 'a major step forward' | Steve Bee, VPS  

Revision of international marine fuel standard has addressed a number of the requirements associated with newer fuels, says Group Commercial Director.

Carsten Ladekjær, CEO of Glander International Bunkering. EBT down 45.8% for Glander International Bunkering  

CFO lauds 'resilience' as firm highlights decarbonization achievements over past year.

Anders Grønborg, CEO of KPI OceanConnect. KPI OceanConnect posts 59% drop in pre-tax profit  

Diminished earnings and revenue as sales volume rises by 1m tonnes.

Verde Marine Homepage Delta Energy's ARA team shifts to newly launched Verde Marine  

Physical supplier offering delivery of marine gasoil in the ARA region.


↑  Back to Top