Independent journal on economy and transport policy
13:45 GMT+1
S'pore bunker suppliers face bankruptcy as demand falls
(Shipping Times)
February 12, 1999
[SINGAPORE]
Independent ship fuel suppliers in Singapore face bankruptcy as a business slump across Asia slows shipping traffic and dampens demand for the bunker fuel.
Prices for the fuel have fallen as much as 41 per cent since September.
"Most bunker suppliers here are having a hard time finding demand. People are pushing a lot of cargoes around ...... Read more on Shipping Times
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