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Asia Pacific China Tankers and Gas

Brightoil scraps fleet sale after signing charters with Shell

Chinese energy firm withdraws from plans to sell 15 vessels, and agrees to charter five VLCCs and four aframaxes to Shell. It is also in talks with a leading bank to restructure its debts

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Moves comes after a recent rebound in VLCC earnings and Beijing’s relaxation of credit clampdown on the country’s private sector

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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