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Bunker House Petroleum reaches out-of-court settlement with Global Energy Trading

04 Jun 2020

Singapore bunker supplier Bunker House Petroleum Pte Ltd has recently reached an out-of-court settlement with Global Energy Trading Pte Ltd regarding an earlier debt, learned Manifold Times.

“We have already settled [the issue] with Global Energy Trading and the suit has been withdrawn/discontinued,” a source at Bunker House Petroleum told the Singapore bunkering publication on Wednesday (3 June).

Global Energy Trading initiated a lawsuit against Bunker House Petroleum at the High Court of the Republic of Singapore on August 2019 over an alleged debt of USD 3.9 million.

Related: Global Energy Trading takes Bunker House Petroleum to court over alleged debt

 

Photo credit: Manifold Times
Published: 3 June, 2020

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