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What does it mean for a ship to be S'pore-flagged, and why is S'pore involved in Baltimore ship collapse probe?

What does it mean for a ship to be S'pore-flagged, and why is S'pore involved in Baltimore ship collapse probe?
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Singapore court grants oil trader GP Global APAC debt moratorium

The Straits Times
Singapore court grants oil trader GP Global APAC debt moratorium
The moratorium will keep GP APAC's creditors from independently pursuing legal actions and allow it to resume restructuring efforts.PHOTO: ST FILE
PublishedMar 5, 2021, 7:25 am SGT
https://str.sg/JVVB
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Singapore court grants oil trader GP Global APAC debt moratorium

Singapore court grants oil trader GP Global APAC debt moratorium
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سنغافورة توافق على تجميد أقساط ديون جي.بي جلوبال أباك لتجارة النفط

سنغافورة توافق على تجميد أقساط ديون جي.بي جلوبال أباك لتجارة النفط
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محكمة في سنغافورة توافق على تجميد أقساط ديون وحدة تابعة لشركة لتجارة النفط في الإمارات

محكمة في سنغافورة توافق على تجميد أقساط ديون وحدة تابعة لشركة لتجارة النفط في الإمارات
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Exclusive: Oil trader GP Global APAC seeks debt moratorium in Singapore

Exclusive: Oil trader GP Global APAC seeks debt moratorium in Singapore
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Oil trader GP Global APAC seeks debt moratorium in Singapore | Hellenic Shipping News Worldwide

Oil trader GP Global APAC seeks debt moratorium in Singapore | Hellenic Shipping News Worldwide
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EXCLUSIVE-Oil trader GP Global APAC seeks debt moratorium in Singapore

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.

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Exclusive: Oil trader GP Global APAC seeks debt moratorium in Singapore

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SINGAPORE (Reuters) - 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.
The parent, GP Global - a major global oil trader and ship fuel supplier based in the United Arab Emirates - said in July it would restructure the group's debt by selling assets after lenders scaled back credit.
GP APAC, which has missed loan payments in recent months, joins a string of defaults among Asian oil trading companies - including Singapore's Hin Leong Trading Pte Ltd, one of Asia's biggest bunker fuel suppliers - in the wake of last year's pandemic-driven crash in oil prices.

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Oil trader GP Global APAC seeks six-month debt moratorium in Singapore

SINGAPORE: 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 re...

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