More than half of Xihe Holdings' once vast tanker fleet has been sold

Bidding on a Xihe Holdings-owned LR2 product tanker wrapped up on Friday, adding to a string of deals that have seen more than half of the company's fleet sold off.

The High Court of Singapore, which conducted the auction of the 108,900-dwt Ocean Pegasus (built 2009), has yet to reveal the outcome of the sale effort.

Officials at the Sheriff of Singapore’s office told TradeWinds that the result of the auction — held on Friday last week — would be announced once completed.