Vitol Group has announced that its subsidiary Vitol Marine Fuels Pte Ltd has acquired 100% of Singapore-based bunkering specialist Sinanju Tankers Holdings.
Sinanju has been renamed Vitol Bunkers (S) Pte Ltd and, from today, all bunker deliveries will be carried out by Vitol Bunkers (S) Pte Ltd.
Through this acquisition, Vitol claims that it 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 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.”
Read the article online at: https://www.lngindustry.com/small-scale-lng/01042020/vitol-marine-fuels-acquires-singapore-based-bunkering-specialist/
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