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
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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