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Creditors claim USD 250 million from squeezed bunker carrier

Creditors have claims totalling USD 250 million against bunker company Brightoil. Management believes that the company can maintain operations while seeking new capital.

Photo: Modelfoto/Colourbox

Creditors have claims totalling USD 250 million against Hong Kong-based bunker company Brightoil Petroleum (Holdings), reports management in a notice to the Hong Kong stock exchange

Since October 2017, trading of the company's assets has been suspended in Hong Kong, while several of the company's vessels were arrested due to outstanding debt before Christmas.

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