The company has entered into a letter of intent with a ship building company, the source said.
The carriers would be used to deliver crude, which are double-hull vessels with deadweight of 319,000mt each, introduced the source.
The first four of the supertankers will be delivered in the second half of 2012 while the fifth in the first quarter of 2013.
Brightoil expects to finalize the shipbuilding contracts with the vendor on Aug 31, 2010, according to an informed source.
Brightoil may lease out part of the VLCCs while leaving the others to transport fuel oil or crude for arbitrage, industry sources reckoned.
Brightoil has two 100,000-DWT heavy oil tankers in service currently and it would take delivery of two more before Oct 20 and Nov 30, respectively.
China Chemical Weekly: http://news.chemnet.com/en/detail-1403616.html
