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Brightoil VLCC and Aframax tanker arrested at Singapore port

03 Jan 2019

Hong Kong-registered crude oil tankers Brightoil Lion (IMO 9398280) and Brightoil Grace (IMO 9602643) were both arrested at Singapore port in late December, according to information from the Sheriff’s Department at the Singapore Supreme Court.

Both vessels are ultimately owned by Hong Kong-listed Brightoil Petroleum (Holdings) Limited (Brightoil), show data from the Claritecs Asset Management system.

The Brightoil Lion was arrested at Singapore Eastern Bunkering Anchorage A on 27 December, while the Brightoil Grace was arrested at AVLCC Anchorage on 31 December.

Brightoil on 22 November signalled an intention to return to the shipping sector by terminating the sale of 15 vessels due to ‘a strong up-going market’.

The 22 November announcement noted Brightoil Shipping Singapore Pte. Ltd. (BOSS) entering into charter agreements with Shell International Eastern Trading Company.

Brightoil notes BOSS has a fleet of five modern VLCCs and four Aframax tankers (including the VLCC Brightoil Lion and Aframax tanker Brightoil Grace), but did not specify which vessels were engaged in the charter arrangement.

The Singapore-based bunker tanker fleet of Brightoil subsidiary Brightoil Petroleum (S'pore) Pte Ltd was placed under sheriff’s arrest  on 21 November.

Brightoil Petroleum (S'pore) is submitting an application for approval of a six-month moratorium order at the Singapore High Court on 11 January 2019.

Related: Brightoil signals return to the shipping sector, starts reorganisation of debt
Related: Brightoil: Plans to sell Zhoushan oil storage terminal, 15 vessels
Related: Singapore: Brightoil bunker tanker fleet placed under Sheriff’s arrest
Related: Singapore: Brightoil to apply for six-month moratorium order at High Court

Other relatedSingapore: Petrolimex v Brightoil case progresses to Pre Trial Conference
Other relatedSingapore: Petrolimex owed over USD $30 million by Brightoil
Other relatedPetrolimex in winding up application against Brightoil at Singapore High Court
Other relatedSingapore: Players to get fuel oil cargoes back from Brightoil bunker tankers
Other relatedSingapore: Toyota Tsusho Corporation seeking $21 million from Brightoil
Other relatedQatar National Bank seeks USD $21.59 million debt from Brightoil

Photo credit: MarineTraffic / Tony Hogwood
Published: 3 January, 2019


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