By now, everyone has heard of Hin Leong's bankruptcy filing in Singapore. However, we should remember that Hin Leong owns and operates Universal Terminal, one of the largest crude oil terminal and storage facilities in the world. And, that out to the massive number of tankers anchored in Singapore, many are waiting to offload at Universal Terminal.
The Three
Here we are talking about Hin Leong Ltd., Ocean Tankers Ltd., and Universal Terminal. Hin Leong Group also includes other entities such as lubricants, marine bunkering, and trucking, but we will not consider or comment on