Brightoil bunker tankers “688”, “666”, “639” undergo Singapore court auction

More bunkering tankers owned by Brightoil Singapore (S’pore) Pte. Ltd. have been put up for judicial auction by the High Court of the Republic of Singapore.

The Singapore-flagged bunker tankers Brightoil 688, Brightoil 666, and Brightoil 639 were put up for sale by the sheriff’s office on Friday (6 September).

The net value of bunkers on board Brightoil 688 is SGD 23,525; the net value of bunkers on board Brightoil 666 is SGD 45,618; and the net value of bunkers on board Brightoil 639 is SGD 30,753.

Interested parties will need to contact the sheriff’s office no later than 3.00pm, on Friday, 20th day of September 2019.

The Singapore-flagged bunker tankers Brightoil 329, Brightoil 326, and Brightoil 319, meanwhile, have been put up for sale by the court on 30 August.

Recently, the Brightoil Gem has been put for auction by the Haikou Maritime Court of the People’s Republic of China.

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

Photo credit: Manifold Times
Published: 13 September, 2019