Xihe Holdings' judicial manager is said to have offloaded three product tankers as a sell-off of the company's ships continues.

Market sources reported that Grant Thornton, the Singapore shipowner’s judicial manager, has sold the 50,000-dwt MR tankers Bei Jiang and Zhu Jiang (both built 2009), and the LR2 tanker 109,000-dwt Ocean Trader (built 2008).

All of the ships are technically managed by the restructuring shipowning affiliate of Ocean Tankers, which is reportedly running