Hong Kong-listed Brightoil has leased a tank with a capacity of 20,000 cu m at Zhoushan and a 60,000 cu m tank at Qingdao to store the bunker fuel. The comnpany has also readied one bunker tanker at each of the ports to carry out the bunker deliveries, Platts reported.
Brightoil currently supplies bunker fuel from the ports of Shenzhen, Shanghai and Ningbo. It is also an accredited bunker supplier in Singapore, the world's largest bunkering port.
Last week, Brightoil secured a $50m term loan for 10 years from China Development Bank Corporation Hong Kong Branch. In June, it entered into a construction contract with China Petroleum Pipeline Bureau to build oil storage facilities on Waidiao Island in Zhejiang province.