Hong Lam Marine acquires bunker tanker

Hong Lam Marine acquires bunker tanker

Hong Lam Marine, Singapore’s largest bunker vessel operator, has acquired the 2013-built small clean tanker Coastal Jupiter from compatriot company Heng Tong Fuels & Shipping.

According to shipbroking sources, the 5,500dwt bunkering vessel was sold for a price of $4.5m and has been renamed Catalyse.

VesselsValue data shows Hong Lam Marine currently operates a fleet of 37 bunkering vessels.

Heng Tong Feuls and Shipping is a unit of Coastal Oil Singapore, which is currently in the process of liquidation and was hit by debt fraud allegations from Cosco in January.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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