Singapore’s Ocean Tankers and oil trader parent Hin Leong Trading are set to discover whether they will be placed under judicial management.

The applications for both Lim family companies are due to be heard at the High Court of Singapore at 2.30pm (0630 GMT) on Friday, according to adverts placed in local media.

Ee Meng Yen Angela and Purandar Janampalli Rao, of Ernst & Young (EY), have been nominated as the joint judicial managers for Ocean Tankers.