SINGAPORE - EY, the court-appointed supervisor for Ocean Tankers Pte Ltd , has proposed two restructuring options to the shipping company's owners and could meet with them as early as next week to discuss the plans, according to an EY report seen by Reuters.
Evan Lim, the director of Ocean Tankers, said in an email that the Lim family would make it known if it decided to release a statement on the report. The family's legal and financial advisors did not respond to a request for comment. Since taking over the company's management, EY has leased out tankers and continued operations at the oil storage and lubricant blending businesses under OTPL.
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Interim JMs raise doubts over Ocean Tankers' exposure to nearly US$1b of potential claimsTHE interim judicial managers of Ocean Tankers Pte Ltd - a troubled unit of the crumbling Hin Leong empire and one of the world's largest operators of oil tankers - have raised doubts over the firm's exposure to nearly US$1 billion of potential claims involving bills of lading (BL). Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Interim JMs raise doubts over Ocean Tankers' exposure to nearly US$1b of potential claimsTHE interim judicial managers of Ocean Tankers Pte Ltd - a troubled unit of the crumbling Hin Leong empire and one of the world's largest operators of oil tankers - have raised doubts over the firm's exposure to nearly US$1 billion of potential claims involving bills of lading (BL). Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »