Oil trader GP Global APAC Pte Ltd has applied to the Singapore High Court for a six-month debt moratorium as its parent company seeks to restructure more than $1 billion dollars in debt, according to a company director, lawyers and a court document.
EXCLUSIVE-Oil trader GP Global APAC seeks debt moratorium in Singapore reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Exclusive: Oil trader GP Global APAC seeks debt moratorium in Singapore reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
3 Min Read
SINGAPORE, Jan 14 (Reuters) - Shell Plc’s Singapore bunkering unit, Shell Eastern Trading Pte Ltd, moved up a notch to be the top marine fuel supplier in the world’s biggest ship refuelling hub in 2020, official data showed, while the overall number of suppliers steadied after years of declines.
Singapore-based Sentek Marine & Trading Pte Ltd dropped one spot to third in 2020, behind Equatorial Marine Fuel Management Services Pte Ltd in second place after climbing from fourth in the previous year, the latest data from the Maritime and Port Authority (MPA) of Singapore showed.
PetroChina International (S) Pte Ltd, the top supplier by volume in 2019, dropped to fourth place in 2020 followed by BP Singapore Pte Ltd in fifth, the MPA data showed.