Bunker company impacted by Hin Leong scandal

Several banks in Hong Kong and Singapore have drastically cut credits for bunker companies following the Hin Leong scandal, announces smaller bunker company. Meanwhile, the smaller players are facing stiff price competition from the biggest players.

Photo: Tim Wimborne/Reuters/Ritzau Scanpix

by CHRISTIAN CARLSEN

The scandal at Singapore-based bunker company Hin Leong has had major consequences for other bunker traders.

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Hin Leong founder and his children sued for USD 3.5 billion
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Hin Leong founder charged with fraud by Singapore police
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