Buyers keen to get their hands of one of Xihe Holding's dwindling stock of VLCCs may soon get the opportunity to buy one at auction in Singapore.

The 318,600-dwt crude carrier Wu Yi San (built 2012) has been arrested in the city-state by Credit Agricole Asia Shipfinance, one of Xihe's larger creditors.

The tanker, which sat out the collapse of Xihe and affiliated operator Ocean Tankers at a remote anchorage in Indonesia, was moved to Singapore on 23 August to facilitate the arrest, legal sources said.