Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Brightoil in VLCC spree

Brightoil in VLCC spree

Hong Kong: Rapidly expanding Shenzhen petrochemicals firm Brightoil is spending $537m on five VLCCs at Hyundai Heavy Industries. The contract for the five 318,000 dwt ships was signed yesterday. Brigjhtoil earlier this year signed up for its first aframaxes. It is rapidly becoming China's best known bunker supplier. [31/08/10]