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 worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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