Tag Archives: Admiralty
Don’t Demur on Demurrage
In April-May 2017’s Bunkerspot Magazine, firm Principal Steve Simms addresses some of the details of demurrage situations that bunker buyers, sellers and brokers often face and understanding the operation of demurrage in bunker purchases and deliveries. Most bunker deliveries involve bunker barges or tankers, or deliveries to or from bunkering piers. Bunker barge and… Read More »
OW Bunker Series: OW’s U.S. Entities File for Chapter 11
OW Bunker’s three U.S. entities (OW Bunker Holding, OW Bunker USA, and OW Bunker North America) filed for Chapter 11 bankruptcy protection yesterday (November 13) in the United States Bankruptcy Court for the District of Connecticut. The actual petitions can be downloaded here: OW Bunker Holding, OW Bunker USA, OW Bunker North America. The… Read More »
OW Bunker Series: Dealing With the Collapse of OW Bunker
A recent TradeWinds article (available here in PDF format) discusses the race by bunker suppliers to get in front the rapidly evolving bankruptcy of OW Bunker. If you are an actual or potential creditor of OW Bunker or any of its subsidiaries around the globe, contact Steve Simms for assistance.
Cyber Crime in the Shipping Industry – Update
A recent article in the shipping industry newspaper TradeWinds highlights the growing risk of cybercrime in the shipping industry. Firm principal J. Stephen Simms is quoted in the article and provides general advice to prevent becoming a victim of cybercrime. The full article is available on the Tradewinds website (subscription required). A PDF version… Read More »
