22NOV2018 - NEWS - Brightoil Petroleum decides to terminate the commercial negotiation of 15 vessels in its fleet

Brightoil Petroleum has recently announced that it has decided to terminate the commercial negotiation of 15 vessels in its fleet due to a change in the shipping market environment. The decision follows the company’s announcement in July that it was in talks to sell its entire shipping fleet and its Zhoushan oil storage and terminal facilities. According to the company, since early October this year the VLCC sector is experiencing a strong upturn in the market and the company believes that the strong market trend will continue in 2019.

Published by Editor - www.Livebunkers.com at 22-Nov-2018 05:39:40 [UTC] , contact editor at editor@livebunkers.com