BunkeringGreater ChinaPorts and Logistics
Yantian Port Group takes over Brightoil’s Zhoushan bunkering facility
State-owned Yantian Port Group has taken over a 19m barrel oil storage facility located in the Zhoushan archipelago from financially troubled Brightoil Petroleum Holdings.
The facility includes a VLCC-class terminal and it is slated to be up and running by the end of the year.
Yantian Port Group recently won a bunker licence in Shenzhen. Zhoushan is rapidly positioning itself as China’s dominant bunkering hub.