Chemoil Energy Limited dismissed nine people in its Singapore-based fuel oil and marine bunker division, a source with direct knowledge of the matter said on Monday.
Only one person remained in the Singapore fuel oil and bunker division, the source said.
"The team was put together only in March, that was less than a year ago," the source said. "Almost all the fuel oil trading companies did not perform last year."
Some members in the team declined to comment when reached. Full story
