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  • Operations of independent oil traders like Hin Leong
  • Chin Wee Ang
    NUS
    GMT 10:45
    7th Jun 2008
    Hi Hong Liang,

    Can u pls shed some light on the operations of ind oil traders liek Hin Leong. Are they paper traders or wet traders? Where is their main source of income? by providing oil/pdt storage and distribution services or by oil trading?

    Thanks.
  • Lee Hong Liang
    Petromedia Pte Ltd

    GMT 09:52
    10th Jun 2008
    IP: x.x.172.198
    Hin Leong has two main arms of operations - oil trading/distribution and terminalling. Its oil trading activities include supplying of bunkers and fuel oil transportation. Its terminalling business includes running a storage facility that stores various oil products.

    Its main sources of income would be very much linked to these core areas of business.

    They certainly do both physical and paper trading.