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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
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.

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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.

United-arab-emirates , India , Switzerland , Singapore , Roderick-sutton , Florence-tan , William-mallard , Roslan-khasawneh , Moses-lin , Thomson-reuters-trust-principles , Credit-suisse-switzerland-ltd , Shook-lin-bok

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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EXCLUSIVE-Oil trader GP Global APAC seeks debt moratorium in Singapore

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.

United-arab-emirates , India , Switzerland , Singapore , Roderick-sutton , Florence-tan , William-mallard , Roslan-khasawneh , Moses-lin , Credit-suisse-switzerland-ltd , Shook-lin-bok , Credit-suisse

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

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.

United-arab-emirates , India , Switzerland , Singapore , Roderick-sutton , Florence-tan , William-mallard , Roslan-khasawneh , Moses-lin , Thomson-reuters-trust-principles , Credit-suisse-switzerland-ltd , Shook-lin-bok