Ocean Tankers distances itself from owner Hin Leong in letter to customers

The financial pressure on Singapore's maritime heavyweight Hin Leong, which seems to have lost the confidence of its banks, has prompted subsidiary Ocean Tankers to distance itself from its owner in a letter to customers which ShippingWatch has a copy of.

Photo: Edgar Su/Reuters/Ritzau Scanpix

The tense situation surrounding one of Singapore's maritime heavyweights, Hin Leong Trading, has made subsidiary Ocean Tankers distance itself from the challenges its owner currently faces.

In a letter to its customers, of which ShippingWatch has received a copy, the tanker carrier's Chief Executive Lim Chee Ming writes that the process Hin Leong is currently in will not affect the shipping line's business.

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