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Brightoil tankers sale raises $200m

Embattled Chinese oil firm has had three arrested VLCCs and one aframax sold in Singapore, South Korea and Hong Kong over the past month, as it flounders in its debt woes. The proceeds will be used to help trim liabilities

Cash-strapped Brightoil has seen its marine transport business suspended after its entire fleet of five very large crude carriers, four aframaxes and six bunker vessels was arrested by creditors

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