Bunker company's bankruptcy affects Cosco

A bunker subsidiary in Cosco Shipping International has been involved in the bankruptcy of bunker company Coastal Oil Singapore. But the claims against the company are not genuine, says Cosco.

Photo: Ed Wray/AP/POLFOTO/arkiv

The bankruptcy of bunker company Coastal Oil Singapore is now rubbing off on a company under Cosco Shipping International.

In December, the bunker company filed for bankruptcy, and the company's banks have since begun recovering debt, saving what can be saved.

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