The Rise and Fall of OW Bunker, the World's Largest Marine Fuel Trader
GARP Risk Intelligence, 2015
17 Pages Posted: 5 Oct 2017
Date Written: May 2015
In November 2014, just seven months after a successful IPO, OW Bunker went unexpectedly bankrupt because of alleged “risk management losses” and fraud. Alessandro Mauro reconstructs the chain of events and demonstrates that the company’s risk management was inconsistent and fell short of best practices.
Keywords: Oil Energy trading, Risk Management, Derivatives, Speculation
JEL Classification: G33, M40
Suggested Citation: Suggested Citation