Accountants take over management of crisis-stricken tanker carrier in Singapore

Two accountants in Singapore take over management of tanker operator Ocean Tankers, owned by crisis-stricken Hin Leong. According to Ocean Tankers' CEO, however, the carrier may continue its operations despite problems at the parent company.

Two executives of accounting firm EY in Singapore will temporarily take over management of tanker operator Ocean Tankers, which is affiliated with crisis-stricken oil group Hin Leong Trading (HLT), according to Reuters.

Yesterday, Tuesday, a Singapore court processed a request from Ocean Tankers to be placed under judicial management.

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