ShippingWatch

Creditors in distressed bunker company risk incurring major losses

Several large banks risk losing big time on their loans to crisis-stricken GP Global if the bunker company has to do a fire sale of its assets in connection with a restructuring, reports media.

Prerit Goel is joint managing director of GP Global, which is undergoing | Photo: PR-foto.

Read this article for free

Register with your E-mail.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

World bank calls LNG a dead end as fuel for shipping

LNG is a risk-fraught waste of time as a fuel for shipping, and it will only delay the transition to sustainable fuels, warned the the UK's High-Level Climate Action Champion at the presentation of an LNG report from the World Bank.

Further reading

Related articles

Latest news

See all jobs