Singapore bunker supplier Panoil Petroleum has been placed under judicial management in a bid to stave off creditors.
Associated companies Panoil Tankers, Panoil Shipping, Panoil Marine, Pan Energy and Panoil Logistics have also sought protection from the Singapore High Court.
The six companies were placed under judicial management on 2 October 2017, according to notices placed in Singapore’s The Business Times.
