KPMG has put a VLCC belonging to Hin Leong-linked Xihe Holdings up for sale.
Industry players said KPMG has been appointed by Dutch bank ABN Amro as its receiver.
The 318,500-dwt Long Hu San (built 2013) is registered with Nan Yi Maritime, a special purpose vehicle (SPV) under Xihe Holdings.
Industry players said two broking firms — Fearnleys and Arctic Securities — were chosen by ABN Amro to handle the sale of the Chinese-built tanker.