The firm has arranged an $80 million debtor-in-possession financing facility to fund a restructuring process and allow it to continue normal operations in the meantime.
The firm has added the CPG Alma to its operations at Maputo and will consider supplying biofuels, LNG, methanol and ammonia there, the company tells Ship & Bunker.
The container and vehicle carrier segments are the most likely to be affected if the industrial action goes ahead, John Barbarise III of Ankora Fuels tells Ship & Bunker.