Edition:
United States

Roslan Khasawneh

Exclusive: How Venezuela lost three oil supertankers to its Chinese partner

Aug 11 2020

NEW YORK/SINGAPORE A shipping joint venture between Venezuela and China has fallen apart in the wake of U.S. sanctions, resulting in the South American nation losing three supertankers at a time when foreign shippers are reluctant to carry its oil, court documents show.

GP Global hires financial restructuring experts after lenders pull back

Aug 05 2020

SINGAPORE GP Global, an oil trader based in the United Arab Emirates (UAE) enmeshed in an employee fraud investigation, has appointed restructuring experts as part of its "ongoing restructuring exercise", the company said in a statement on Wednesday.

UAE oil trader GP Global uncovers fraud among employees - letter

Jul 30 2020

SINGAPORE United Arab Emirates-based oil trader GP Global has uncovered fraud within the company and filed criminal complaints against some of its employees, its legal representative said in a letter to the company's clients on its behalf.

UAE oil trader GP Global uncovers fraud among employees - letter

Jul 30 2020

SINGAPORE, July 30 United Arab Emirates-based oil trader GP Global has uncovered fraud within the company and filed criminal complaints against some of its employees, its legal representative said in a letter to the company's clients on its behalf.

Hin Leong owners try to block OCBC from picking at shipping units

Jul 29 2020

SINGAPORE The family that owns beleaguered Singaporean oil trader Hin Leong Trading (HLT) is seeking to block a request from creditor OCBC that overseers be appointed for Xihe Holdings and four of the family's other subsidiaries to recoup its debt.

Hin Leong owners try to block OCBC from picking at shipping units

Jul 29 2020

SINGAPORE The family that owns beleaguered Singaporean oil trader Hin Leong Trading (HLT) is seeking to block a request from creditor OCBC that overseers be appointed for Xihe Holdings and four of the family's other subsidiaries to recoup its debt.

CORRECTED-Troubled Hin Leong's owners try to block OCBC from picking at shipping units

Jul 29 2020

* Xihe in talks with potential financiers, investors - document

Singapore's Lim family seeks to halt law firm from taking court role

Jul 27 2020

(This July 25 story has been refiled to remove extraneous word in first paragraph)

Singapore's Lim family seeks to halt law firm from taking court role

Jul 25 2020

SINGAPORE, July 25 Members of Singapore's Lim family have asked a court to stop law firm Rajah & Tann Singapore LLP (R&T) from working for court-appointed supervisors to two companies in the Lim's embattled oil trading empire, Evan Lim Chee Meng told Reuters.

Exclusive: Singapore's Agritrade has potential investors: source

Jul 22 2020

SINGAPORE London-based Nithia Capital Resources Advisors LLP is seeking to acquire troubled Singapore commodity trader Agritrade International Pte Ltd (AIPL) and its shares in its Hong Kong-listed subsidiary, according to a source familiar with the matter.

World News