06 May 2020 | 08:09 UTC — Singapore

Infographic: Hin Leong collapse sends shockwaves through oil trading industry

Singapore — Hin Leong Trading, founded by Singaporean oil tycoon Lim Oon Kuin, was one of Asia's largest petroleum traders with assets spanning oil tankers and tank farms.

In April, lenders froze credit lines to the trader and a bankruptcy protection filing revealed nearly $3.85 billion in bank debt.

Related factbox: Hin Leong's collapse and its impact on the physical supply chain in the world's largest bunkering port

Hin Leong's collapse is one of the world's largest in oil and commodities trading, and the most significant in this sector since this year's oil price crash. The full extent of its market impact is yet to play out.

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