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Singapore Bunkers Finance

Hin Leong owners seek to safeguard tankers from insolvency

Hin Leong’s insolvency has exposed its shipping unit Ocean Tankers to billions of dollars in contingent liabilities and vessel arrest risks. The companies’ owners are said to be considering ring-fencing dozens of tankers from the ongoing insolvency proceedings

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The Lim family may face contests in their effort to shield certain shipping tonnage from the financial damage spilling over from Hin Leong’s insolvency

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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