China’s Brightoil Petroleum has denied reports carried by Splash of a major sale and leaseback deal with compatriot Shandong Shipping.
Last week Splash reported that Brightoil had condluced a sale and leasback deal for five VLCCs as well as withdrawing four aframaxes, which had been for sale.
Brightoil has since contacted Splash to deny the reports, initially circulated via broking contacts. Splash apologises for the incorrect reporting and any damage this may have caused to Brightoil’s reputation.
At the end of July, Brightoil announced that it was in preliminary negotiations with a potential investor for the sale of its Zhoushan oil storage and terminal facilities as well as its entire shipping fleet of 15 vessels including five VLCCs, four aframaxes and six bunkering barges.
Photo: Thomas Timlen