The company said the decision was taken as it has not been possible to find a “sustainable solution” for the company.
Pernille Bigaard, Plesner and John Sommer Schmidt, Gorrissen Federspiel have been appointed as trustees of the bankruptcy estate.
“Since the credit facility was closed down on Wednesday, the underlying business has eroded significantly,” said OW Bunker chairman Niels Henrik Jensen.
“The banks hold mortgage over all receivables and consequently, without the provision of new, significant credit facilities in the immediate future, it is not possible to save the remaining business.
“It
