Vitol Group Establishes Foothold in Singapore Bunker Operations

Source Press Release
Company Vitol 
Tags Corporate Deals, Deals, Oil Services
Date April 01, 2020

Vitol Marine Fuels Pte Ltd, a subsidiary of the  Vitol Group, has acquired 100% of Singapore-based bunkering specialist Sinanju Tankers Holdings (“Sinanju”). The Singapore Bunkering license holding entity has been renamed  Vitol Bunkers (S) Pte Ltd and from 1st April 2020 all bunker deliveries will be carried out by  Vitol Bunkers (S) Pte Ltd.

Through the transaction, Vitol has acquired an expert bunker tanker manager and operator with extensive experience of physical bunker supplies in the port of Singapore, the world’s largest bunkering port, and a fleet of 15 modern Singapore flagged bunker tankers, including Singapore’s first and currently only Liquefied Natural Gas (LNG) powered dual fuel bunker tanker “Marine Vicky”.

Dato’ Kho Hui Meng, President and CEO of Vitol Asia said: “With the acquired entity’s valuable expertise in bunker tanker operations and  Vitol’s existing strength on the bunker oil supply side, Vitol Bunkers will be in a strong position to provide a high quality, seamless ‘end to end’ delivered bunker supply service in Singapore and internationally.”

Vitol Bunkers and its related companies will continue to operate as before, but under the  Vitol brand.

Source: EvaluateEnergy® ©2020 EvaluateEnergy Ltd