GP Global’s Restructuring Leaves Bunker Market Tight

GP Global sells its Fujairah terminal leaving the bunker market tight, reports Ship & Bunker.

GP Global’s restructuring

Troubled Middle East bunker supplier GP Global’s exit from the regional bunker market has left UAE’s Fujairah bunkering hub tight.

GP Global as a part of its restructuring plans, sold its Fujairah terminal.

Stuck bunker fuel

According to S&P Global Platts, a sizeable volume of bunker fuel is stuck in the terminal’s tanks as talks progress.

According to a bunker supplier, “I’m not...