Singapore’s DBS bank had the sheriff’s shackles placed on two tankers belonging to regional fuel trader Coastal Oil Holdings last week.
Arrested were the 24,200-dwt products tanker Atalanta (built 2015) and the 5,500-dwt products tanker Coastal Neptune (built 2014).
Court documents reveal that a mortgage claim of $ 5.36m was filed against the Atalanta and a claim of $3.59m filed against the Coastal Neptune.
Both vessels were operated by subsidiary shipping outfit Heng Tong Fuels & Shipping.
The company could not be reached for comment on the arrest or the status of the rest of the ships in its fleet, which comprises in total of two handysize and four coastal products tankers.
TradeWinds understands from shipbroking sources that the entire fleet was recently placed on the sales market.
