Hin Leong negotiating with Chinese oil firm on potential rescue plan

Hin Leong says the company is in early negotiations with a major Chinese oil company on a potential solution to its financial woes. Two other prominent industry players have also shown interest.

The Lim family owns Hin Leong, Ocean Bunkering and Ocean Tankers, whose fleet counts more than 150 ships. | Photo: Edgar Su/Reuters/Ritzau Scanpix

by TOMAS KRISTIANSEN, NIKLAS KRIGSLUND

Crisis-stricken trading group Hin Leong Trading is in early negotiations with a Chinese company on a rescue plan.

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