S&P Global Offerings
Featured Topics
Featured Products
Events
S&P Global Offerings
Featured Topics
Featured Products
Events
S&P Global Offerings
Featured Topics
Featured Products
Events
S&P Global Offerings
Featured Topics
Featured Products
Events
Solutions
Capabilities
Delivery Platforms
News & Research
Our Methodology
Methodology & Participation
Reference Tools
Featured Events
S&P Global
S&P Global Offerings
S&P Global
Research & Insights
Solutions
Capabilities
Delivery Platforms
News & Research
Our Methodology
Methodology & Participation
Reference Tools
Featured Events
S&P Global
S&P Global Offerings
S&P Global
Research & Insights
06 May 2020 | 08:09 UTC — Singapore
By Eric Yep
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.
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.
Click here to view full-size infographic