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Ocean Tankers Looks to Return Most Ships to Owners
The court-appointed manager for Ocean Tankers Pte Ltd has applied to the Singapore court to return most of the ships the company manages to the shipowners, as cash is running low and Ocean Tankers will not be able to maintain the fleet, two sources with knowledge of the matter told Reuters.If successful, the move will allow Ocean Tankers, the chartering arm of embattled oil trader Hin Leong Pte Ltd…
Ocean Tankers covers IPO, asks for extension
The Financial Mirror has reported that Ocean Tankers Holdings Pcl has covered its initial public offering but has requested an extension until November 8 in order…
Ocean Tankers IPO to Raise $15m
According to Financial Mirror, Ocean Tankers Holdings Public Co. will be the first ocean-going shipping company to go public on the Cyprus Stock Exchange later this summer…
Ocean Tankers Seeks to Reclaim $19 Mln from Lim Family
The court-appointed manager of Singapore Ocean Tankers (Pte.) Ltd is seeking to reclaim about $19 million from the Lim family directors of the firm, who allegedly…
Ocean Tankers Seeks Judicial Management
Singaporean shipping firm Ocean Tankers (Pte) Ltd, a unit of troubled oil trader Hin Leong Trading Pte Ltd, has applied to be placed under the management of a court-appointed supervisor…
Fujian Mawei Shipbuilding Bags Ocean Tankers Order for Six Vessels
Ocean Tankers, the provider oil tanker shipping and chartering services to oil companies and trading houses, has ordered six handy-sized tankers to be built at the…
Ocean Tankers Placed Under Court-appointed Supervisor
Two EY executives in Singapore have been appointed interim judicial managers of Ocean Tankers, the accounting firm said on Tuesday, following a Singapore court hearing…
Ocean Tankers Purchases Fourth Ship
Ocean Tankers Holdings Public Company Limited has increased its fleet to four ships with the delivery of tanker M/T Montauk. M/T Montauk has been renamed to M/T…
Ocean Tankers to Raise $13m from IPO
Ocean Tankers Holdings PCL aims to raise about $13.38m from the initial public offering (IPO) that starts in the first such issue of a new company to list on the Cyprus Stock Exchange in two years.
Bank Seeks Impounding of Ocean Tankers' Ships
India's ICICI Bank is seeking the impounding of two vessels operated by Ocean Tankers (Pte) Ltd, a unit of Singapore oil-trading company Hin Leong Trading Pte Ltd (HLT), an ICICI source said on Monday.The tankers, Wu Yi San and Chang Bai San, were carrying cargoes financed by ICICI, the source said, adding that the bank had about $100 million exposure to HLT.According to a court filing reviewed by Reuters, HLT's founder and director had directed his firm not to disclose hundreds of millions of d
Ocean Tankers' Supervisor to Start Restructuring Talks with Owners
EY, the court-appointed supervisor for Ocean Tankers Pte Ltd (OTPL), has proposed two restructuring options to the shipping company's owners and could meet with…
Singapore's Ocean Tankers tests IMO-2020 Compliant Fuel
Off the coast of Singapore, the world's largest ship refuelling centre, a bunker barge sidled next to the supertanker Pu Tuo San to fill the giant vessel with a new type of fuel that will meet global standards that start up in January.With a little over five months left until stricter marine fuel rules come into effect, shippers such as Singapore's Ocean Tankers that own the very large crude carrier…
Ocean Tankers Acquires New Ship
Ocean Tankers Holdings Public Company Ltd (OCT) announced that within the framework of the company’s policy for the improvement of its fleet, it has reached an agreement…
Ocean Tankers Plans $45M Rights Issue
Ocean Tankers Holdings, the only public company quoted in the ‘Shipping’ sector of the Cyprus Stock Exchange, is planning a $45m rights issue to part fund the acquisition of eight new oil tankers.
Ocean Tankers Receives New Tanker
Tankers has received the new double-hull tanker M/T Stavrodromi of 15,500 tons. With the receipt of M/T Stavrodromi, the fleet increased from 14 to 15 tankers. The…
Ocean Tankers Awarded Contract
Following a public Government Tender, the company was awarded the Contract last April 21, for (a) the study and construction of the necessary infrastructure (SPM…
EU Warship Secures Tanker Crew After Somali Pirate Attack
An EU warship secured the crew of an oil products tanker on Friday after it was attacked by pirates off Somalia, its operator and a European Union naval mission said, as worries grow over a resurgence of piracy after years of calm.Just hours earlier, in a separate incident, another vessel successfully outran a pirate skiff in the same area, maritime sources said.A recent spate of attacks on vessels off the Horn of Africa…
Russian-Flagged Tanker Reports Drone Attack off Turkey
A Russian-flagged tanker loaded with sunflower oil reported a drone attack off the Turkish coast on Tuesday, but its 13 crew members were unharmed, Turkey's maritime authority and the Tribeca shipping agency said.Ukrainian naval drones last week hit two tankers sanctioned by Kyiv and some of its Western allies in the Black Sea as they headed to a Russian port to load oil destined for foreign markets…
Romania Destroys Drone in Black Sea
The Romanian military blew up a maritime drone that was endangering navigation in the Black Sea, the Ministry of National Defence said on Wednesday, amid rising concerns about risks to shipping in the area linked to the war in Ukraine.The ministry said that the drone, which was found in an area 36 nautical miles (66 km) east of Constanta, was a Sea Baby. The Sea Baby is a maritime drone developed by…
Iran Seizes Tanker Headed for Singapore
Iran confirmed on Saturday that its Revolutionary Guards had seized a tanker in Gulf waters carrying a cargo of petrochemicals bound for Singapore over alleged violations, Iranian state media reported.A U.S. official and maritime security sources had said on Friday that Iranian forces intercepted the oil products tanker and diverted it into Iranian territorial waters. It was the first report of Tehran seizing a tanker since Israeli-U.S.
