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Ocean Tankers expects claims of up to USD 2.6 billion from banks and oil firms

Ocean Tankers, affiliated with crisis-stricken oil group Hin Leong Trading, expects to receive a shower of claims from the owners of the oil that was stored on its ships until recently. The oil has been sold by Hin Leong's founder.

Photo: Edgar Su/Reuters/Ritzau Scanpix

Ocean Tankers expects to be hit by claims of up to USD 2.6 billion as a result of the troubles at Hin Leong Trading, according to an affidavit submitted by company co-owner Lim Chee Meng to court in Singapore on Friday.

The claims are expected to start rolling in soon from the owners of oil cargoes that were, until recently, stored on Ocean Tankers' vessels.

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