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Court rejects bid by Ocean Tankers JMs to strike out PetroChina s writs against four ships

THE judicial managers of Ocean Tankers have failed to set aside or strike out the writs filed by PetroChina International (Singapore) over cargo claims against four vessels chartered by the beleaguered oil shipper. Read more at The Business Times.

Ocean Tankers fails to strike out PetroChina s writs against vessels

THE judicial managers of Ocean Tankers have failed to set aside or strike out the writs filed by PetroChina International (Singapore) over cargo claims against four vessels chartered by the beleaguered oil shipper. Read more at The Business Times.

UPDATE 1-Gulf Oil inks agreement to buy Ocean Tankers lubricants plant in Singapore

UPDATE 1-Gulf Oil inks agreement to buy Ocean Tankers lubricants plant in Singapore
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Gulf Oil inks agreement to buy Ocean Tankers lubricants plant in Singapore | Hellenic Shipping News Worldwide

Gulf Oil inks agreement to buy Ocean Tankers’ lubricants plant in Singapore Gulf Oil International Ltd, part of the Hinduja group, said it has reached an agreement to acquire the lubricant blending plant and associated facilities from Singapore’s Ocean Tankers Pte Ltd. Ocean Tankers is one of a few companies owned by Singapore oil tycoon Oon Kuin Lim and his family that have been put under the management of court-appointed supervisors after the firms racked up billions of dollars of debt. The facilities located at Singapore’s Tuas include wharf access, a storage tank farm and terminal facility, Gulf Oil said in a statement on its website dated Dec. 8. The company did not provide an investment figure.

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