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.

However, in making such an application, the judicial managers have instead opened Ocean Tankers to any judgement against it if PetroChina is awarded compensation.

PetroChina filed four admiralty writs in the Singapore High Court on April 22, 2020 against four vessels over failure to deliver the cargo and/or misdelivery of the cargo. The vessels were chartered by Ocean Tankers but owned by units of its sister companies Xihe Holdings or Xihe Capital - all in the empire of Hin Leong Trading's owner Lim Oon Kuin.