Briefly Noted


Gulf Oil International closed on its acquisition from Ocean Tankers (Pte), the shipping arm of bankrupt oil trader Hin Leong, of a 50,000 metric tons per year Singapore lubricant blending plant. The deal – first announced late last year – gives Gulf its eighth blending plant, which was put up for sale in early October last year by administrators appointed by Singapore’s Supreme Court to manage Hin Leong after it and Ocean Tankers filed for bankruptcy protection in April 2020.

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