Bunkers Resorts to Chapter 11 Bankruptcy Protection

 Florida’s marine fuel provider Bunkers International Corp (Bunkers) and its affiliated companies have filed for reorganization under Chapter 11 of the Bankruptcy Code.

“The companies were forced to take this action after their primary lender ceased lending and swept all available cash,” the company said in a statement.

However, Bunkers said that despite the recent turn of events it intends to continue to operate during the Chapter 11 process and restructure its debts.

“Although the Bankruptcy Code does not allow the company to pay for goods and services incurred prior to the filing date, the company will be current on all post‐filing obligations,“the statement further reads.

Founded in 1995, Bunkers International has been servicing the marine fuel industry, providing trading, physical supply, and brokering services to ship operators. It operates from offices in the United States, Colombia, the United Kingdom, Greece, Singapore, Colombia, and South Africa.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

Europort Romania

Europort Romania is the premier maritime networking event of the Black Sea and will connect maritime technology and service suppliers with high level professionals from Romania and surrounding shipbuilding markets.

More info

read more >

MARITIME INDUSTRY 2020

The future of the maritime sector is the point of focus during Maritime Industry 2020.

read more >