Asia
Singapore bunker player in financial difficulty
Singapore: Singapore bunker supplier Baxus Marine has been hit by more than $16m in claims from six companies as it struggles financially, according to court documents seen by Platts yesterday.
Baxus Marine’s six creditors are OPET Trade (Singapore), OceanConnect Marine, United Bunkering & Trading (Asia), Global Energy Trading, Singamas Marketing, and I&C International. Baxus Marine’s court case is scheduled for tomorrow. [08/11/12]