Ocean Tankers seeks to get back $19m from the Lim family

The court-appointed manager of Ocean Tankers is seeking to reclaim about $19m from the Lim family directors of the firm, who allegedly transferred the funds from the shipping company to their accounts in April, according to court documents seen by Reuters.

Ocean Tankers, owned by O K Lim, founder of troubled oil firm Hin Leong Trading, was placed under interim judicial management on May 12.

Lim was also charged on Friday with abetment of forgery for the purpose of cheating.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.


  1. Good morning Boss, I Jackson Tan previous work at kepple shipyard as an Apprenticeship was well trained as professional Technical background,and also like Raffles Shipmanagement,Hako offshore Prime Royal shipping and freelance for Trust maritime. Hako offshore was closed down. I joined Prime Royal shipping as Technical superintendent who oversees this vessel and schedule for dry docking as required by class surveyors and was docking in Dubai. Company didn’t pay as salary as well as crew including Singapore polytechnic students as cadet. After that I work for freelance and the Boss from Trust maritime send me to Rotterdam at Damen shipyard to communicate with insurance survey and class surveyors NKK to liaise with the Yard CEO and yard project manager on vessel MV Kouyou due to caught fire and damaged the forward Port side cargo hold No1 and No 2, conferdam and Port side side shell paint worn and peel off After the discussion how long to take to complete the job. As Paint Siema I will never use it because the paint inspector they are not really an professional. They give us very bad influence to the world. My vessel is look like an begger very horrible.
    Even I told master not to sign it This inspector charge our company Half of million just a small portion. Rediculess. Not only this vessel another both vessel. One from Hako offshore and one from company that the Owner told me that I am correct information to him. This vessel came to to redo the whole paint at Sembawang shipyard. Thanks and appreciate your kindness and generous support.

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