• A major acquisition in Singapore.


Artikel Nummer: 31401

The time of the tankers

Vitol Marine Fuels, a subsidiary of the Vitol Group headquartered in Rotterdam and Geneva, has acquired the Singapore-based bunkering specialist Sinanju Tankers Holdings (“Sinanju”).


The Singapore bunkering licence holding entity has been renamed Vitol Bunkers and from 1 April 2020 all bunker deliveries are carried out by Vitol Bunkers.


Sinanju is an expert bunker tanker manager and operator with experience in physical bunker supplies in the port of Singapore, a fleet of 15 Singapore flagged bunker tankers, including Singapore’s first and currently liquefied natural gas (LNG) powered dual fuel bunker tanker “Marine Vicky”.


The Vitol Group is an energy and commodities company, trading 8 million barrels per day of crude oil and products and running 6,850 service stations across Africa, Australia, Brazil, Eurasia and in Northwest Europe. Revenues in 2019 were USD 225 billion. (mw)




Related news