Some $1.17bn worth of tankers and newbuildings linked to crisis-hit Ocean Tankers have emerged as sales candidates on the secondhand market.
Sale-and-purchase brokers said the market is “flooded” with ships that are tied to Ocean Tankers’ founder Lim Oon Kim, who is better known in shipping circles as OK Lim.
The Chinese-built vessels include crude, product and chemical tankers of various sizes.
