With creditor claims mounting against failed Singaporean oil trader Hin Leong Trading, the tankers operated by affiliated Ocean Tankers are getting caught in a legal quagmire.
None of Ocean Tankers’ vessels have been arrested yet, with most keeping out of sight of land since troubles at the two Lim family-controlled companies first emerged in April.
But legal sources in Singapore have told TradeWinds that they are aware of Hin Leong’s creditors — largely banks that financed oil trades — filing applications against the ships or their cargoes.
