Ocean Tankers

Hin Leong Trading (Pte) Ltd., saddled with almost $4 billion in debt, plans to shift management of the company away from its founding family to the accounting firm while preparing to withdraw an application for court protection from creditors, according t

Hin Leong and Ocean Tankers both filed for court protection from creditors on Friday as the former struggles to repay its debts. Both companies are solely owned by the Lim family.