Asia/Pacific News
Brightoil to Boost its China Bunker Business with 15 New Barges
Brightoil Petroleum (Holdings) Limited [HKG:0933] (Brightoil) plans to boost its bunker business in China by adding 15 new barges to its supply operations this year, a company source has told energy news service Platts.
Three of the barges, said to have capacities of 4,000-7,000 metric tonnes (mt), will be deployed in July at the country's ports of Shanghai, Ningbo, and Zhoushan, while four others have already started operations.
Brightoil Chairman Raymond Sit Kwong Lam said last year the company was looking to significantly expand its Chinese bunkering operations, and Ship & Bunker reported Friday the supplier plans to nearly double its spending on fuel oil and related products between now and 2016.
For 2012 in Singapore the supplier slipped from second to third on the Maritime and Port Authority of Singapore (MPA)'s ranking of bunker suppliers by volume sold at the port.
