Page 12: of Maritime Logistics Professional Magazine (Q2 2015)
The Other Side of the Flange
Looking beyond the dollars and cents in the demise of bunker giant OW Bunker, MarPro
By Barry Parker contributor Barry Parker examines the unusual human resources aspect of the story.
he old cliché in shipping and commodity businesses When it comes to the OW Bunker story, one can’t help but says that, “When the tide recedes, you can see which look back to the similarly quick and catastrophic demise of vessels have hulls that are battered up, or worse, ac- energy giant Enron that occurred back in 2001; not because of
T tually breached.” OW Bunkering, which took on water and the