Coastal Oil’s woes cast doubt on Cosco bunkering joint venture
Insolvency of Singapore bunker supplier likely to affect the Costank joint venture run by its parent, Coastal Holdings, and a Cosco Shipping unit. So far, Singapore’s maritime regulator has not announced any action against Costank and it retains its licence for now
Costank venture has supplied bunkers to Cosco’s fleet for many years
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