Published
May 13, 2025 9:00 PM by
The Maritime Executive
Commodities firms Vitol and Grindrod have decided to wind down their bunkering joint venture, the longtime bunker supplier Cockett. The 45-year-old company is solvent and in a good financial position, Vitol said, but after much discussion, it will be shut down because it is a "non-core" asset.
Cockett is planning an orderly wind-down process, and it will continue to pay its suppliers and serve its existing contracts with customers until all its obligations are met. Effective Tuesday, however, it...
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