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Owner puts sale of major bunker company in Singapore on hold

The coronavirus crisis has made the owner put a sale of half of Cockett Marine Oil on hold. The bunker supplier has previously been mentioned as the next acquisition candidate in the consolidation of the bunker sector.

Photo: Edgar Su/Reuters/Ritzau Scanpix

Grindrod has put the sale of its stake in bunker company Cockett Marine Oil on hold due to the coronavirus crisis, says the South African logistics group in a written comment to ShippingWatch.

"With the advent of COVID-19, the sale of Cockett Marine shares has been put on hold," writes Grindrod.

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