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Brightoil bunker tankers “688”, “666”, “639” sold to new owners

02 Oct 2019

The following article was edit on 2 October (5.30pm Singapore time) to correctly reflect on the size of the bunker tankers.

Singapore-flagged bunker tankers Brightoil 688Brightoil 666, and Brightoil 639 have been bought by bunkering firms from a sheriff’s sale held by the High Court of the Republic of Singapore, learns Manifold Times.

The 4,262 6,300 dwt Brightoil 688 has been purchased by Singapore bunker supplier Global Energy Trading, confirmed a representative. The company recently also acquired Brightoil 329.

The remaining 4,374 6,985 dwt Brightoil 666, and 7,034 dwt Brightoil 639 bunker tankers are believed to have been bought by a subsidiary of Mercuria Energy Trading, confirmed several sources.

The three bunker tankers were put up for sale by the sheriff’s office at the High Court of the Republic of Singapore during early September.

Brightoil Singapore (S’pore) Pte. Ltd. is currently in debt reorganisation activities at the High Court of Singapore. 

A chronologically organised list of articles concerning Brightoil’s potential debt reorganization is below:

Related: Brightoil bunker tanker trio “329”, “326”, “319” bought by Singapore firms
RelatedBrightoil bunker tankers “688”, “666”, “639” undergo Singapore court auction
RelatedSingapore: Brightoil bunker tanker trio “329”, “326”, “319” up for sale
RelatedVLCC “Brightoil Gem” held under auction by Haikou Maritime Court
RelatedSingapore: Brightoil bunker tanker trio “329”, “326”, “319” up for sale
RelatedHong Kong: Brightoil reaches settlement with Petco Trading Labuan
RelatedBrightoil: Third quarter update on business ops and resumption process
RelatedBrightoil provides updates on winding up petitions at SG, HK courts
RelatedBrightoil: Independent non-executive Directors leave over audit review
RelatedBrightoil issues update on winding-up petition and sale of vessels
RelatedDr Sit Kwong Lam returns to Brightoil as Strategic Adviser
RelatedBrightoil Petroleum announces new Chairman and acting CEO
RelatedBrightoil former Chairman undertook $1.4 billion in personal guarantees
RelatedOfficial: Dr Sit Kwong Lam leaves Brightoil Petroleum Holdings
RelatedHong Kong High Court issues bankruptcy order against Brightoil Chairman
RelatedBrightoil aggregate debt has reached approximately $1.9 billion, it updates
RelatedBrightoil creditor claims amount to US $250 million, potential debt reorganisation
RelatedBrightoil to defend against winding up petition at Hong Kong court
RelatedSingapore: Brightoil to apply for six-month moratorium order at High Court
RelatedBrightoil oilfield project secures USD $700 million CNOOC funding
RelatedBrightoil: Plans to sell Zhoushan oil storage terminal, 15 vessels
RelatedShell to offload crude oil cargo from arrested “Brightoil Lion” tanker
RelatedBrightoil VLCC and Aframax tanker arrested at Singapore port
RelatedSingapore: Players to get fuel oil cargoes back from Brightoil bunker tankers
RelatedSingapore: Petrolimex v Brightoil case progresses to Pre Trial Conference
RelatedSingapore: Brightoil bunker creditor list growing with new firms
RelatedSingapore: Petrolimex owed over USD $30 million by Brightoil
RelatedBrightoil signals return to the shipping sector, starts reorganisation of debt
RelatedSingapore: Brightoil bunker tanker fleet placed under Sheriff’s arrest
RelatedSingapore: Toyota Tsusho Corporation seeking $21 million from Brightoil
RelatedQatar National Bank seeks USD $21.59 million debt from Brightoil

Photo credit: Manifold Times
Published: 2 October, 2019

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