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Hin Leong's Ocean Tankers granted interim JM

Court documents show Ocean Tankers is exposed to potential claims estimated at US$2.07b involving bills of lading it had issued in relation to HLT's trades

Anita Gabriel

Published Tue, May 12, 2020 · 09:50 PM

Hin Leong

Singapore

FOLLOWING in the footsteps of its troubled sister company Hin Leong Trading (HLT), Ocean Tankers Pte Ltd - Singapore's largest tanker operator - was granted interim judicial management (IJM) by the High Court on Tuesday.

The Business Times understands the court has appointed Ernst & Young's Angela Ee and Purandar Rao as the interim judicial managers for the shipping giant.