A third of the ships owned by Singapore tycoon Lim Oon Kuin sold to repay creditors

A third of the ships owned by Singapore tycoon Lim Oon Kuin sold to repay creditors

FILE PHOTO: Pipelines run down the deck of Hin Leong's Pu Tuo San VLCC supertanker in the waters off Jurong Island in Singapore July 11, 2019. Picture taken July 11, 2019. REUTERS/Edgar Su/Fiel Photo

About one-third of the roughly 150 ships owned by companies controlled by Singapore tycoon Lim Oon Kuin and his family have been sold as part of efforts to repay billions of dollars of debt owed to creditors, two sources told Reuters.

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