Hamburg Commercial Bank has arrested one of Xihe Holdings LR2 aframax tankers in Singapore.
Court records reveal the German bank filed a $17.5m mortgage claim against the 108,900-dwt Ocean Pegasus (built 2009) on its arrival in Singapore on 23 February.
It is unclear how the bank navigated the protections against creditor actions granted to Xihe and its assets through the High Court of Singapore’s judicial management process.
