A subsidiary of Qingdao Port Group (QPG) has signed a long-term lease deal with Petrobras for four crude tanks at the Chinese port, signalling further longhaul tanker trades between China and Brazil.
Qingdao Shihua Crude Oil Terminal has leased out the four 100,000-cbm bonded tanks to the state-owned Brazilian energy firm via a long-term cooperation agreement, QPG said on its website, without elaborating on the length of lease period.
