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.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.