Marine fuels supplier Brightoil Petroleum plans to expand its fleet with at least five oil product tankers and three LNG carriers this year, Seatrade Asia online reports. The potential new vessels will add on to its five 318,000 dwt oil tankers that are already on order and are slated to be delivered during the first half of 2013.
“We are looking to grow the fleet. For us, it's very much a question of price,” said Per Wistoft, chief executive of Brightoil's shipping unit. “With the specific business we have in mind, we can probably do something if we see newbuilding prices shed another 5%.”
The privately owned Chinese firm could buy more VLCCs if the price was right, he added.
“We are looking to grow the fleet. For us, it's very much a question of price,” said Per Wistoft, chief executive of Brightoil's shipping unit. “With the specific business we have in mind, we can probably do something if we see newbuilding prices shed another 5%.”
The privately owned Chinese firm could buy more VLCCs if the price was right, he added.